Bangladesh, Aug. 18 -- Even as interest rates remain high, there hasn't been any improvement in the deposit growth, which remained below 8 percent at the end of June.
According to the latest data from Bangladesh Bank, the growth rate for deposits in the banking sector at the end of June was 7.77 percent, the same rate as in May. In April, the rate had stood at 8.21 percent, while in March it was 8.51 percent.
Many banks are currently offering soaring interest rates of 9-11 percent on deposits. Several banks facing a liquidity crunch are running campaigns that offer interest rates of up to 13 percent on deposits. However, these incentives have yet to drum up depositor interest to any significant degree.
Bankers and economic analysts poi...
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