Page 4 - Zainul Haque Sikder News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Sikder Group MD Ron and brother Dipu cleared of attempted murder charges
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Bangladesh Bank refuses Rick s directorship at National Bank
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NBL cannot give loans without reducing ADR: BB The New Nation
Business Desk :
The National Bank will not be able to issue new loans if the Advance Deposit Ratio (ADR) of the bank is not reduced to the level set by the central bank.
Bangladesh Bank announced the ban in a letter sent to the managing director of the National Bank on 3 May.
The central bank has also fixed large loans and single customer loan limits for the National Bank. Besides, the approval of the central bank has been made compulsory in appointing senior officials in the bank.
The BB also wanted to know the loan collection situation of the top customers of the bank.
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.
National Bank under BB scanner | The Daily Star
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