Banks’ health improved for 9-6% interest rates: Kamal

The health of the bank has improved for raising the interest rates to 9 per cent and 6 per cent respectively for lending and deposits, Finance Minister AHM Mustafa Kamal said today.

The finance minister was talking to the journalist after a meeting of the cabinet committee on public procurement today.

He said the health of government banks has also improved a lot. As a result, they do not have to take capital from the government budget, he added.

"If you keep money in banks all over the world, you will not get interest. Instead, the depositor has to pay the opposite interest," Kamal said responding to a query. 

Those who do business abroad in Bangladesh do not get any interest if they keep money in the bank there, he said adding, "That's why they bring the money to the country and deposit it."