BB increases borrowing limit from call money market

DHAKA, Bangladesh Bank (BB) today increased the

borrowing limit from interbank call money market.

Financial institutions can borrow maximum 40 percent of their equity from

September 1, 2019, according to a BB circular.

The equity will be fixed based on December 31, 2018 balance sheet, the

circular added.

Now, financial institutions are borrowing maximum 30 percent from the call

money market.

The central bank also said financial institutions will prepare their

accounts and fix equity based on December 31.

Source: Bangladesh Sangbad Sangstha (BSS)