A majority of banks in Bangladesh, including some Shariah-based ones, are facing difficulties to run their activities due to a liquidity crisis, according to industry people.
Highlights: The banks that follow verbal rules of BB are losing but those offering higher rates winning Banks are supposed to pay up to Tk110 per dollar for remittances According to bankers, some banks pay max Tk116 to collect remittances Exchange houses also compete among themselves to collect remittance They collect remittances at higher rates, sell
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A majority of banks in Bangladesh are facing difficulties in running their day-to-day banking activities owing to a tightening liquidity caused by the dragging foreign currency crisis, slower deposit growth and lacklustre loan recovery.