Cash-strapped banks fail to maintain emergency cash
Published on: Friday 03 February 2023
Banks strapped for cash are now struggling to maintain the mandatory daily cash reserve ratio (CRR) with the Bangladesh Bank, meaning they won't have cash readily available if customers want their deposits back. Although the lending rate cap is 9%, some banks are aggressively borrowing money at more than that from other banks for the short term to mitigate their daily cash
News source: https://www.tbsnews.net/economy/banking/cash-strapped-banks-fail-maintain-emergency-cash-579666
