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Scheduled banks and Non-Banking Financial Institutions (NBFIs) are lending to each other in call money (overnight) to meet the pressure of liquidity crunch. There is no need to comply with the maximum interest limit of 9.50 percent fixed by most banks. 33 banks and 6 financial institutions have transacted 5 thousand 811 crore taka up to the maximum rate of 9.90 percent. Due to violation of maximum interest rate on call money, these institutions… details
