The total deposits stood at Tk 17.92 trillion in February, down from 8.28 percent growth the previous monthDeposit growth dips to 7.89pc in February amid inflation, low confidence in banksAfter climbing above the 8 percent mark in January, deposit growth in Bangladesh's banking sector has slipped below the threshold again. Bangladesh Bank’s updated report shows that since September in the current fiscal year, deposit growth had been declining, falling to 7.26 percent in that month. The last time such low deposit growth was recorded was in February 2023, when the rate fell to 6.86 percent. A senior official of Bangladesh Bank also cited declining public confidence in banks as a major reason for the drop in deposits. The Bangladesh Bank official added that rumours about the shutdown of Islamic banks after the fall of the government led to mass withdrawals by depositors, which pushed those banks into crisis.

Source: bd News24 April 16, 2025 19:20 UTC