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The Bangladesh Bank (BB) has warned that it will punish the responsible bank official for failing to send statement on call money transaction to the central bank as per the existing Bank Companies Act.
Central bank sources said the warning came through a circular Thursday after the BB found officials of many commercial banks irregular in sending the statements on the transactions.
The concerned authorities of the BB are now finalising their operational strategy on the basis of the statements for both money and foreign exchange markets in early hours of every working day to keep the markets stable, the sources said.
The central bank has asked the banks to submit their daily inter-bank call money transaction statements in prescribed forms to the Banking Regulation and Policy Department (BRPD) through fax.
The banks will still need to file a blank statement to the central bank in the same process even if they have no transactions on the day, the circular said.
However, the call rate came down further Saturday while the US dollar slightly eased against the local currency due to improvement in the supply of greenback in the market.
The call rate ranged between five per cent and 9.50 per cent on the day. But most of the deals were settled between five per cent and eight per cent, sources added.
Three nationalised commercial banks (NCBs) quoted the call rates between six per cent and seven per cent while the private commercial banks (PCBs) and foreign banks made deals in the range between 5.0 per cent and 9.50 per cent on the day.
The banks quoted the dollar between Tk 63.15 and Tk 63.60 on day against Tk 63.15-63.70 in the previous day. However, most of the deals were done between Tk 63.15 and Tk 63.45 on the day.
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