Senior Correspondent, bdnews24.com
Published: 2020-01-20 17:09:35 BdST
The finance ministry’s Financial Institutions Division issued a notice on Monday, saying the decision will help commercial banks lower lending rates to a single digit
State-owned companies will receive a maximum interest rate of 6 percent on deposits, according to the notice. On the other hand, the companies will receive 5.5 percent interest rate on deposits in state-owned banks.
The government made the decision as it aims to boost private investment and keep up the pace of economic growth, according to the statement.