BB clips National Bank's wings | The Daily Star

BB clips National Bank’s wings
Private lender barred from lending, appointing senior executives for gross irregularities
In a rare move, the central bank has taken a raft of measures to put National Bank Ltd back on track in the wake of massive irregularities at the first-generation private lender.    
The Bangladesh Bank said NBL, one of the oldest private banks in the country, would not be able to disburse fresh loans before bringing down the advance deposit ratio (ADR) to 87 per cent.
Conventional banks must maintain an 87 per cent ADR, meaning they can lend Tk 87 against every Tk 100 mobilised.
NBL has been maintaining more than 90 per cent ADR for a long time, breaching the rules, compelling the central bank to take such a decision, BB officials said.

Related Keywords

Bangladesh ,Monowara Sikder ,Zainul Haque Sikder ,Shah Syed Abdul Bari ,Serajul Islam ,Sikder Group ,National Bank Ltd ,Banking Companies ,Bangladesh Bank ,Banking Companies Act ,Additional Managing Director ,Rongdhanu Builders ,Syed Abdul Bari ,பங்களாதேஷ் ,செராஜுல் இஸ்லாம் ,தேசிய வங்கி லிமிடெட் ,வங்கி நிறுவனங்கள் ,பங்களாதேஷ் வங்கி ,வங்கி நிறுவனங்கள் நாடகம் ,சையத் அப்துல் பாரி ,