Deposit flow to Islamic banks in Bangladesh registered a fall in the fourth quarter of 2022, the first such decline in eight years, in a sign of erosion of confidence among savers owing to loan irregularities.
Bangladesh Bank will introduce another tool to provide liquidity support to cash-strapped Shariah-based banks in order to safeguard their ailing financial health.
Bangladesh Bank yesterday withdrew the deputy governor responsible for overseeing the forex reserve and treasury management department and the wing that monitors the Shariah-based lenders.