Money deposited by individuals and institutions with banks, which have decided to go for mergers, will remain completely safe and secure, Bangladesh Bank said in a statement yesterday.
Fourteen banks, including six state-run ones, faced a record capital shortfall in the third quarter of 2023, an indication of their fragile financial health caused mainly by a lack of governance.
A record 15 banks, including seven state-run lenders, faced capital shortfall in the second quarter of 2023, in yet another indication of the worrying state of the financial sector.
The capital shortfall of 11 banks, mostly state-run ones, increased by Tk2,873 crore to Tk33,575 crore at the end of March this year amid rising bad loans, according to the latest Bangladesh Bank report. It was Tk30,702 crore at the end of December last year. The state-run lenders in capital shortfall are Sonali Bank, Janata Bank, Agrani Bank, Rupali Bank, BASIC Bank,