‘If rates raised on savings certificates, no one will keep money in banks’

Finance Adviser Salehuddin Ahmed has said that if interest rates are raised on savings certificates, no one will keep their money in banks.

“Liquidity is an important matter for banks. We have to strike a balance. If everyone buys savings certificates, where will the banks get money from?”

The adviser made the comment while talking to newsmen after a meeting with the government officials at Nabinagar upazila auditorium in Brahmanbaria on Saturday.

“Islami Bank is a major example where public trust has returned. For other banks, the government has enacted the Bank Resolution Act. The first condition under this law is that depositors’ money is protected. No one's funds will be lost, it might take time, but the government is committed. Because, many have stolen money, no incident happens in the world”, he said.

Regarding the ongoing unrest in the NBR, the adviser said, “We are holding discussions with the NBR staff to resolve the problem. A strong five-member committee has also been formed.”

Brahmanbaria Deputy Commissioner Mohammad Didarul Alam and Nabinagar Upazila Nirbahi Officer Rajib Chowdhury, among other officials, were present during the visit.