Deposit growth in Bangladesh’s banking sector has further slowed down in May. Deposit growth was 8.21 percent in April and 8.51 percent in March. Since September, deposit growth has been subdued, dropping to 7.26 percent. NRB Bank Managing Director Tarek Reaz Khan also believes the lack of expected business expansion and inflation may have an impact on deposit growth. Therefore, banks are not able to increase deposit growth even when they offer high interest rates on deposits.
