Offshore banking units have been relieved from maintaining cash reserve ratio

Padma Bank, formerly known as Farmers Bank, is going to get over two years, until April 2028, to clear a Tk 55 crore penalty for its failure to maintain the regulator-stipulated cash reserve ratio (CRR) from 2017 to 2019. 

The central bank has taken two significant steps to inject liquid cash into the economy amid the impending financial recession due to coronavirus shutdown.