Result of the auction of Repo and LS Facility held on March 16, 2020

The Repo auction for commercial banks and financial institutions was held in Bangladesh Bank on Monday, March 16, 2020. Of which, 48 bids of total Taka 2889.90 crore of 07 PD & 05 non-PD private banks and 01 PD govt. bank & 01 Non-bank Financial Institution as REPO facility were offered for seven days tenor. Besides this, 54 bids of total Taka 4501.88 crore of 01 PD & 01 non-PD private bank and 01 non-PD govt. bank as Repo facility and 62 bids of total Taka 4150.67 crore of 11 private banks & 02 govt. banks as Liquidity Support Facility were offered two days tenor. All bids were accepted by the auction committee and it has decided to provide total Taka 11542.45 crore to the banking systems for two days & seven days tenor. The rate of interest of accepted Repo and Liquidity Support Facility were 6.00 percent & 6.25 percent per annum for two days and seven days tenor respectively.

Source: Central Bank Of Bangladesh