Dhaka, June 5 -- Bank deposit growth in Bangladesh slowed to 8.21% in April, down from 8.51% in March, despite a brief upward trend earlier. This marks the seventh straight month of single-digit growth, according to Bangladesh Bank data released Wednesday.

As of April 2024, total deposits stood at Tk 18.2 trillion, up from Tk 16.81 trillion a year earlier. Growth had hovered at 8.28% in January and 7.89% in February, reflecting a consistently sluggish trend since September, when growth dipped to 7.26%. It inched up slightly in the following months-7.28% in October, 7.46% in November, and 7.44% in December.

Bangladesh Bank Governor Ahsan H Mansur attributed the slowdown primarily to capital flight, with funds leaving the banking system t...