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| Customers are depositing money at a bank counter and a bank officer is serving them with a smile. |
Good news for the banking sector: Deposits increased by 40,000 crore taka in 3 months!
There is good news for the banking sector of Bangladesh. In the first three months of this year, i.e. from January to March, deposits in banks increased by about 40,000 crore taka. This growth is a positive indication for the country's banking sector, which shows signs of returning confidence in the overall economic situation.
According to the latest data from Bangladesh Bank, the total amount of deposits in the banking sector increased to 19,23,506 crore taka at the end of last March. Whereas at the end of December last year, this amount was 18,83,711 crore taka. This figure indicates that people are feeling comfortable keeping money in banks again.
Analysts believe that there are several reasons behind the increase in deposits. One major reason is the good growth in expatriate income or remittances. The flow of money sent by expatriates has been increasing for the last six months, a large part of which is being returned and deposited in banks as deposits.
In addition, people's confidence in the banking sector has also started to return after the political change. As the boards of some banks have changed, the new boards have taken new initiatives in collecting deposits. Increasing the interest rate on deposits has also attracted many customers. Where people were withdrawing money from some banks earlier, now that trend is decreasing and deposits are increasing as customer confidence in good banks increases.
However, despite this increase in deposits, one thing is noteworthy: more than 84 percent of the total deposits in the banking sector are from urban areas. The contribution of rural areas is still about 16 percent. This highlights the need for rural expansion of the banking system. Overall, this positive trend in the banking sector is expected to help restore stability to the country's economy.
Date: June 12, 2025
Author: Kazi Fahsin
Publisher: https://www.novokontho.xyz | https://novonicle.blogspot.com
