Dhaka, Aug. 18 -- Even as interest rates remain high, there hasn't been any improvement in the deposit growth, which remained below 8 per cent 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 per cent, the same rate as in May. In April, the rate had stood at 8.21 per cent, while in March it was 8.51 per cent, reports bdnews24.com.

Many banks are currently offering soaring interest rates of 9-11 per cent on deposits. Several banks facing a liquidity crunch are running campaigns that offer interest rates of up to 13 per cent on deposits. However, these incentives have yet to drum up depositor interest to any significant degree.

Bankers an...