Provision for holding of liquid asset as per Banking company ACT-1991.
Maintenance of liquid assets. [S-33] [SLR] -
(1) Every banking company shall maintain in
Bangladesh in cash, gold or unencumbered approved securities valued at a price
not exceeding the current market price, an amount which shall not at the close
of business on any day be less than the percentage of its time and demand
liabilities the Bangladesh Bank determines from time to time.
Explanation. -
(1) Where it appears to the Bangladesh Bank that a banking company at any time fails to maintain liquid assets to the extent determined, that banking company shall be bound to pay for the deficit in the mentioned assets a fine in form of the highest interest rate taken by the Bangladesh Bank for the granting of loans.