After the change of government in the student coup last August, the central bank has begun to return to the confidence of the people in the bank sector. Towards the end of the Awami League period and after August 7, the customers who took the money from the bank in panic are again bankrupt. Deposits are gradually increasing in banks.
The central bank data says that the deposit of customers in the bank sector of the country at the end of June last year was Tk 1 lakh 12 thousand 5 crore. After the fall of the government last December, the total deposit amount in the bank sector increased to Tk. At the end of December, the bank's deposit increased by about 2 percent or Tk.
Meanwhile, at the end of June last year, the amount of money in the hands of the people outside the bank was Tk 2 lakh 5 thousand 5 crore. At the end of December, it dropped to Tk 2 lakh 5 thousand 5 crore. As a result, the money in the hands of the people has dropped to Tk 1,000 crore over 6 months.
Talking to people related to the sector, it was reported that the students to withdraw money from the bank in post-July-August students' coup in July-August increased. After the political change, the actual condition of several banks also revealed. Many customers were terrified and picked up the money from the bank. But now it is cut off. As the situation improved somewhat, the confidence in the bank has increased; Besides, the interest rate on deposits in the bank has increased. On the other hand, inflation has recently decreased. The actual interest rate has been positive.
According to the central bank data, the total deposit in the bank sector was Tk 1 lakh crore at the end of December. Earlier in November, 1 lakh 5 thousand crore, at the end of October 1 lakh 5 crore, at the end of September 1 lakh 25 thousand crore, at the end of August 1 lakh 5 thousand 5 crore and at the end of July 1 lakh 12 thousand 5 crore.
Mutual Trust Bank Managing Director (MD) Syed Mahbubur Rahman said political unrest has decreased greatly. This has increased the demand for loans. Because of this, some banks are collecting high deposits. If you get more interest, depositors also get extra interest in keeping money in the bank, which has recently been seen.
People in the sector say that the banks have regained the right to determine the interest rate of the Bangladesh Bank as all the techniques of determining interest rates. As a result, the interest rate on all types of loans will increase. Currently the central bank's policy interest rate is 5 percent. It has created an opportunity to raise the interest rate of the deposit from 5-7 percent to 12-5 percent, which is higher than the government savings. The depositors have also increased the money to keep the money in the bank to take this opportunity.
Bangladesh Bank spokesman and executive director Arif Hossain Khan said the bank mainly does interest business. The interest difference between deposits and loan distribution is the main income of the bank. If there is no deposit, you cannot lend. Due to the current high interest rate, the bank is able to collect deposits at a slightly higher rate. The deposits have increased.
