Deposits of common people in banks totally safe, BB assures

[bluesky]

Deposits of common people in banks totally safe, BB assures

The Bangladesh Bank has said that the deposits of common people in banks are totally safe. The central bank said this on Sunday in response to propaganda on various social media stating that the commoners are withdrawing their deposits from the banks. "This is not correct and is being made out of

thefinancialexpress.com.bd

Deposits of common people in banks totally safe, BB assures
Published: November 13, 2022 20:56:58

---

The Bangladesh Bank has said that the deposits of common people in banks are totally safe.

The central bank said this on Sunday in response to propaganda on various social media stating that the commoners are withdrawing their deposits from the banks.

"This is not correct and is being made out of conspiracy," according to a press release.

Urging the countrymen to keep their utmost trust and confidence in the country's banking system, the Bangladesh Bank asserted that the banking system of Bangladesh has been in a very solid condition while there is no crisis of liquidity, reports BSS.

The central bank also mentioned that no bank was closed down in the country since Independence and hopefully no bank will be closed in the future also.

 

[my2cents]

Deposits of common people in banks totally safe, BB assures

The Bangladesh Bank has said that the deposits of common people in banks are totally safe. The central bank said this on Sunday in response to propaganda on various social media stating that the commoners are withdrawing their deposits from the banks. "This is not correct and is being made out of

thefinancialexpress.com.bd

Deposits of common people in banks totally safe, BB assures
Published: November 13, 2022 20:56:58

---

The Bangladesh Bank has said that the deposits of common people in banks are totally safe.

The central bank said this on Sunday in response to propaganda on various social media stating that the commoners are withdrawing their deposits from the banks.

"This is not correct and is being made out of conspiracy," according to a press release.

Urging the countrymen to keep their utmost trust and confidence in the country's banking system, the Bangladesh Bank asserted that the banking system of Bangladesh has been in a very solid condition while there is no crisis of liquidity, reports BSS.

The central bank also mentioned that no bank was closed down in the country since Independence and hopefully no bank will be closed in the future also.

What does BD banks do with bad loans? Are they all public sector banks?

 

[bluesky]

Deposits of common people in banks totally safe, BB assures

The Bangladesh Bank has said that the deposits of common people in banks are totally safe. The central bank said this on Sunday in response to propaganda on various social media stating that the commoners are withdrawing their deposits from the banks. "This is not correct and is being made out of

thefinancialexpress.com.bd

Deposits of common people in banks totally safe, BB assures
Published: November 13, 2022 20:56:58

---

The Bangladesh Bank has said that the deposits of common people in banks are totally safe.

The central bank said this on Sunday in response to propaganda on various social media stating that the commoners are withdrawing their deposits from the banks.

"This is not correct and is being made out of conspiracy," according to a press release.

Urging the countrymen to keep their utmost trust and confidence in the country's banking system, the Bangladesh Bank asserted that the banking system of Bangladesh has been in a very solid condition while there is no crisis of liquidity, reports BSS.

The central bank also mentioned that no bank was closed down in the country since Independence and hopefully no bank will be closed in the future also.

BB is fearing a bank run by millions of people.5o, it is asking the depositors not to fear.

But, usually, the people’s reaction is opposite. It is possible that they will rush to withdraw their deposits out of panic and the banks will close their doors.

Very bad situation when people lost faith in the govt.

 

[Paitoo]

People rushing to withdraw deposits will only exacerbate any situation. No bank, however healthy, is capable of withstanding a situation where every depositor wants their money back. There simply isn't that much liquidity in a fractional banking system. SLR and CRR together will barely cover 20% of total bank deposits.

 

[RescueRanger]

Deposits of common people in banks totally safe, BB assures

The Bangladesh Bank has said that the deposits of common people in banks are totally safe. The central bank said this on Sunday in response to propaganda on various social media stating that the commoners are withdrawing their deposits from the banks. "This is not correct and is being made out of

thefinancialexpress.com.bd

Deposits of common people in banks totally safe, BB assures
Published: November 13, 2022 20:56:58

---

The Bangladesh Bank has said that the deposits of common people in banks are totally safe.

The central bank said this on Sunday in response to propaganda on various social media stating that the commoners are withdrawing their deposits from the banks.

"This is not correct and is being made out of conspiracy," according to a press release.

Urging the countrymen to keep their utmost trust and confidence in the country's banking system, the Bangladesh Bank asserted that the banking system of Bangladesh has been in a very solid condition while there is no crisis of liquidity, reports BSS.

The central bank also mentioned that no bank was closed down in the country since Independence and hopefully no bank will be closed in the future also.

Fearing a Greece 2.0 run to the banks?

 

[bluesky]

Fearing a Greece 2.0 run to the banks?

It is not impossible for a bank run. BD (Read BAL) laws stipulate only 1 Lakh Taka of compensation for individual account holders in case of a bank failure.

Why only 1 Lakh Taka compensation even if your deposit is 1 crore Taka? It is because this woman PM wants all the money to be handled by her. She has lowered the bank interest rates as well so that people buy her Postal Bonds or something like savings bonds instead of depositing the money in the banks.

Moreover, her BAL govt has already borrowed $78 billion worth of money from the local banks. The bank vaults are empty.