Dhaka March 13, 2025, 2:24 am
First Security Islami Bank received Tk 500 million, National Bank Tk 650 million and Exim Bank Tk 1.50 billion from four well off banks to ease their liquidity crunch
♦ Islami Bank ♦ Social Islami Bank ♦ National Bank ♦ Exim Bank ♦ Union Bank ♦ Global Islami Bank
An affluent group of 17 scheduled banks receives instructions from the central bank for urgently extending liquidity support to cash-hungry banks for ensuring stability in the country's banking system
Bangladesh Bank Spokesperson Husne Ara Shikha disclosed this during a press conference on Wednesday
Central Bank urges public to avoid unnecessary withdrawals
Rizwana says partnership with World Bank essential for Bangladesh's environmental priorities
Industrial sectors continued importing essential raw materials, but the decline reflects a broader slowdown in investment and economic activity
Authorised capital jumps from Tk1,500cr to Tk5,000cr
Bangladesh Bank has issued an alert to all scheduled banks, financial institutions, and payment service providers regarding an alarming increase in cyber attacks targeting the banking sector
The bank is blaming increased investment conditions for the fall in income
BB sources indicate that these actions against NRBC Bank are based on a detailed report of inspection conducted in February last
The proposal, based on recommendations from a committee led by the Finance Advisor, was submitted to the Chief Advisor’s office for approval on 17 October
The Ministry of Public Administration issued an official notification on October 8
These banks are NRBC Bank, Midland Bank, Meghna Bank, NRB bank, Modhumoti Bank, South Bangla Agriculture and Commerce Bank (SBAC)
Central bank will guarantee the total Tk6,000 crore set to be provided to weaker banks in phases
NRB borrowers should be regular remitters through official channels to avail the loan facility
The banks involved are National Bank, First Security Islami Bank, Social Islami Bank, Union Bank, Commerce Bank, Exim Bank, Islami Bank, Padma Bank and ICB Islami Bank
The central bank governor made the commitment during a virtual meeting between the Bangladesh Bank and the correspondent banks on Tuesday
IDB regional chief confirms the funding to assist reform efforts
The adviser made this announcement following a meeting with a World Bank delegation led by Regional Director Mathew A. Verghis at the Finance Division of the Bangladesh Secretariat on Tuesday
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