Space For Rent

Space For Rent
Friday, January 23, 2015, Magh 10, 1421, Robi-Us-Sani 1, 1436 Hijr

Call money rate shot up to 9.25pc
Observer Analysis
Published : Friday, 23 January, 2015,  Time : 12:00 AM,  View Count : 12
The call money rate remained steady Thursday on lower credit flow and thin demand from clients. A few banks and financial institutions took part in the call money operations, central bank officials said.
The call money rate touched its lowest level at 5.75 and in most deals ranged between 5.50 per cent and 9.25 per cent, central bank officials said adding that the rate has increased slightly with non-bank financial institutions today ahead of two-day weekend holiday on Friday and Saturday.
Agrani Bank, Rupali Bank, Janata Bank, Sonali Bank, Basic Bank, IFIC Bank, Eastern Bank,  The City Bank, One Bank, Meghna Bank, Prime Bank and Southeast Bank, among others,  remained the major lenders of the market, fund managers said.
Last month, the call money rate shot up its high at 9.75 per cent. Credit flow to private sector remained stagnant since long which has piled up a huge amount of surplus funds with more than 20 banks.

Editor : Iqbal Sobhan Chowdhury
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