Bangladesh Bank has authorized financially sound non-bank financial institutions (NBFIs) to accept individual deposits exceeding the statutory limit of Tk 50 lakh ($4,500).
The central bank issued the circular on Wednesday, targeting institutions that meet strict health criteria to ensure stability while expanding their funding base.
This adjustment comes as the central bank maintains a tight monetary policy stance, having previously emphasized that real interest rates remain positive to combat inflation.
The move is designed to alleviate liquidity constraints in the broader financial system.
By allowing healthy NBFIs to tap into larger deposit pools, the regulator aims to channel more capital into corporate lending and economic activity.
This adjustment comes as the central bank maintains a tight monetary policy stance, having previously emphasized that real interest rates remain positive to combat inflation.
The relaxation of the deposit cap represents a nuanced shift in regulatory approach.