Banks to comply with CRR, SLR for OBOs from Sept 01
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Dhaka, Bangladesh, Aug. 19 -- The central bank is set to issue a directive asking the banks to comply with cash reserve requirement (CRR) and statutory liquidity ratio (SLR) rules for their offshore banking operations (OBOs) from September 01.
"All formalities have already been completed. A circular will be issued soon," a senior official of the Bangladesh Bank (BB) told the BBN in Dhaka.
He also said the banks will get some flexibility to comply with CRR and SLR for their OBOs.
Under the mechanisms, the banks will be eligible to comply with CRR requirements using their balance of foreign currency clearing accounts with the BB particularly for OBOs.
The banks will be allowed to comply with the SLR rules using their balance of NASTRO a...
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