BB raises borrowing limit from call money market

Bangladesh Bank (BB) today increased the borrowing limit from inter-bank call money market. Financial institutions can borrow maximum 40 percent of their equity from September 1, 2019, according to a BB circular, reports BSS. The equity will be fixed based on December 31, 2018 balance sheet, the circular added. Now, financial institutions are borrowing maximum 30 percent from the call money market. The central bank also said financial institutions will prepare their accounts and fix equity based on December 31.