Banks to submit info on deposit, lending rates thru online

The Bangladesh Bank has issued a new directive to submit the detailed info on deposit and lending rates by all the scheduled banks of the country through online.

The central bank issued such directive for introducing two new reporting formats while the directive will become effective from this month.

These information should have to be submitted through two reporting formats on monthly basis by the 10th date of following month on concerned platform. These related info should have to be submitted in details through specific structure.

The Bangladesh Bank thinks that through issuance of this new directive, the country's banking sector would be more transparent and information based while it would make significant contributions to the economic planning.