Banks play a pivotal role in the public and private sector investment. Banks deposit works as a major tool of funding for the economic development of a country. Banks take out idle money and advance them making them asset for the country.
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View AllIn the last one decade, Bangladesh's money market has been one of the top ten FDI, attracting sectors with a market size $4.5 billion contributing to 3.5% of GDP and is estimated to rise $5.5 billion by 2025. With policies driving sectoral growth valued at $12 billion, the money market has been growing at 8% for the cost one decade.
The demand for deposits and supply of deposits chain were disrupted by the covid-19 pandemic during 2019-2020 financial years. That time, deposits as well as advances as very low as people choose keeping cash money in hand. Deposit grew 13.1% where as private sector credit grew only 8.6%
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