Eight banks in the country are unable to maintain cash reserve ratio (CRR), according to Bangladesh Bank Governor Abdur Rouf Talukder. He made this statement during the announcement of the monetary policy for the first half of the fiscal year 2023-24 on Sunday, June 18.
The Governor mentioned that the banks facing CRR difficulties include Basic Bank, Padma Bank, ICB Islamic Bank and five other Shariah-based banks. The remaining banks facing the crisis are Islamic Bank, Al-Arafah Islami Bank, Social Islami Bank, First Security Islami Bank, and Global Islami Bank.
Governor Abdur Rouf Talukder stated that it is not the goal of Bangladesh Bank to penalize these banks. Instead, they are exploring how to provide them with policy support and assistance.
