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Thai Banks Urged to Keep Close Eye on ATMs to Prevent Fraud, Theft.
Byline: Parista Yuthamanop
Mar. 4--The Bank of Thailand has scrapped crisis-era restrictions imposed on deposit interest rates, saying that plentiful market liquidity now made the rules unnecessary.
Samart Buranawatanachoke, senior director of the central bank's financial institutions policy group, said the lifting of the rules would directly benefit the public.
In 1997, the central bank announced that fixed deposit rates would be capped at no more than three percentage points over the benchmark, the calculation of which is based on rates charged by the five largest commercial banks.
Savings deposit rates were capped at two percentage ...
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...contributed by the central bank and 1.62 billion...end of February, the central bank would issue promissory...need approval from the central bank on a case-by-case...To see more of the Bangkok Post, or to subscribe to...