Banks have Tk1.69 lakh crore excess liquidity: BB

The Bangladesh Bank on Monday said there is no liquidity crisis in the banking system and banks have excess liquidity of Tk 1.69 lakh crore.

“Unsubstantiated conspiracy theories are being circulated on various social media platforms, inciting people to withdraw their deposits from banks,” the regulator said in a press release.

Under the circumstances, the Bangladesh Bank informed that the banking system is now strong enough.

The central bank issued a special warning to managing directors of commercial banks regarding the liquidity situation, read the release.

“If there is any disruption in the liquidity management of a bank, the central bank will take steps to resolve it with utmost importance.”

The notice stated that no bank was shut down since the country’s independence and hopefully no bank will be closed in the coming days.

The regulator also assured that the depositors’ money in the banking system is completely safe.