Dhaka, Bangladesh, Dec. 2 -- The central bank of Bangladesh is likely to impose a cap the interest rate on industrial loans from January 01, 2020 to facilitate the economic growth.

The central bank formed a seven-member high-powered committee, headed by its deputy governor S M Moniruzzaman, on Sunday to find out ways for bringing down the industrial lending rate to single-digit shortly in line with the Ministry of Finance advice.

Other members of the committee are Kazi Akram Uddin Ahmed, chairman of Standard Bank Limited, Zaid Bakht, chairman of Agrani Bank Limited, Syed Mahbubur Rahman, managing director and CEO of Mutual Trust Bank Limited, Md Obayed Ullah Al Masud, MD and CEO of Rupali Bank Limited, Shah A Sarwar, MD and CEO of IFIC ...