Defending the move, the bank’s Managing Director, MD Monirul Moula told bdnews24.com that the rate is practical as the entire banking sector is grappling with cash crunch.
“However, this is still an estimated ‘profit’ rate, which may fluctuate after we prepare our annual financial reports depending on whether we make an actual profit,” he added. Said.
Though Nagad’s communications chief Muhammad Zahidul Islam confirmed receiving the letter to bdnews24.com, he said the proposal is still in the negotiation stage.
“Yes, we have received such a letter, but its details are yet to emerge,” he said.