Dhaka, Feb. 23 -- Existing repo facilities are being squeezed further as the central bank is bent on phasing out its 28-day-tenure liquidity window in a move to make banks manage funds more efficiently.

Updating the bankers about such facility-curtailing move, the monetary policy unit of Bangladesh Bank sits for a meeting with the treasury officials of the commercial banks today (Monday) at the BB headquarters, officials said.

But bankers balk at the latest regulatory move on the monetary front, in a string of policy measures of recent times meant for streamlining the unkempt banking system left by the past regime.

They say such initiative will put more liquidity pressure on the commercial banks at a time when the banks are intensifyin...