3% margin to be added with SMART: BB
BI Desk || BusinessInsider
Published: 22:46, 31 March 2024
Photo: Collected
Bangladesh Bank (BB) has informed that banks can now add 3 percent with the reference lending rate which is also known as the SMART rate.
Earlier, it was 3.50 percent.
For pre-shipment export and agriculture loans, banks can add 2 percent with the SMART rate which is measured by the six-month moving average rate of treasury bills, as per a BB circular issued on Sunday.
It was 2.50 percent earlier.
