BB refixes interest rates for NBFIs

Bangladesh Bank (BB) has refixed the interest rates for deposits and loans of non-bank financial institutions (NBFIs).

The central bank's Department of Financial Institutions and Markets on Tuesday issued a circular in this regard.

The circular stated that from now on, any NBFI will be able to pay customers interest on deposits at a rate of six months moving average rate of Treasury bill (SMART) + 2.50 per cent.

In the case of lending, institutions can now charge SMART + 5.5 per cent interest.