Bangladesh Bank has refixed the interest rates for deposits and loans of the non-bank financial institutions (NBFIs). The central bank's Department of Financial Institutions and Markets on Tuesday (Mar 5) issued a circular in this regard.
The circular stated that from now on, any NBFI will be able to pay customers interest on deposits at a rate of six months moving average rate of Treasury bill (SMART) + 2.50 percent.
In the case of lending, institutions can now charge SMART + 5.5 percent interest.
