A majority of banks in Bangladesh are depending on the call money market and central bank to fund their activities due to an intensifying liquidity crisis in the banking sector.
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The central bank has extended a total of Tk 22,000 crore in emergency funds to seven beleaguered banks including five Islamic banks to dress up their balance sheet ahead of the year’s end.
The central bank has extended a total of Tk 22,000 crore in emergency funds to seven beleaguered banks including five Islamic banks to dress up their balance sheet ahead of the year’s end.
5 Islamic Banks Liquidity Crisis: The Bangladesh Bank has asked five cash-strapped Shariah-based lenders to adjust the deficit in their current account balance by December 26.