By the end of September, cash outside the banking system decreased from Tk 2.92 lakh crore to Tk 2.83 lakh crore, signaling a return of public trust in the banking sector after a period of political instability. In September, nearly Tk 9,000 crore was deposited back into banks, contributing to a 7.26% growth in deposits, reaching Tk 17.41 lakh crore. This followed a slight decline in deposits in August, which had fallen to Tk 17.31 lakh crore due to concerns about government stability and irregularities in the banking system. Bankers noted that regulatory reforms by the central bank and renewed confidence in the banking system have encouraged depositors to return their funds. Despite challenges, well-performing banks saw significant deposit growth, while weaker banks regained some trust with the help of central bank liquidity support.
BIZDATAINSIGHTS
Bizdata Insights is a Market Insights, Data Intelligence and Business Advisory Platform
Our Solutions
Menu
Newsletter
Sign up for our newsletter now by entering your e-mail address and never miss out on the latest news and updates from our team!