Dhaka, Bangladesh, Dec. 13 -- The Bangladesh Bank (BB)'s committee has recommended that only industrial manufacturing sectors will be eligible for availing single-digit lending rate.

The high-powered committee submitted its report to BB Governor Fazle Kabir on Thursday with recommendations and proposals for minimizing possible adverse impact on the country's banking sector after slashing interest rates on industrial loans at single-digit from the existing level.

The seven-member committee, headed by the BB Deputy Governor S M Moniruzzaman, was formed on December 01 to find out ways for bringing down the industrial lending rate to single-digit. It was asked to submit the report within seven working days.

"The governor will take the next...