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‘Banks not to charge over 12pc interest on food import loan’

Private commercial banks will not charge more than 12 per cent interest rate on loan for importing food grains.

A delegation of Bangladesh Association of Banks (BAB) conveyed the decision to prime minister Sheikh Hasina while exchanging views with her at the Prime Minister's Office on Thursday.

BAB Chairman Nazrul Islam Majumder led the delegation.

The interest to the depositors will also not be more than 12 per cent, the delegation informed the premier.

During the meeting, the BAB delegation apprised Hasina that banks have no liquidity crisis at present as the country's economy is in good condition, said PM's press secretary Abul Kalam Azad while briefing newsmen.

The prime minister called upon the businessmen and others concerned to take necessary measures to prevent price spiral of essential commodities during the month of Ramadan considering sufferings of the commoners.

Laying emphasis on paying tax in the greater national interest, she said eligible citizens including the prime minister have to pay tax regularly to help supplement the government efforts for building a self-reliant and poverty-free Bangladesh.

source:NewAge