The central bank spokesman Serajul Islam on Thursday acknowledged having received the proposal of Padma Bank, formerly The Farmers Bank, via the finance ministry. Struggling to continue operations having been paralysed by a liquidity crisis, the bank now seeks more funds, or merger with or acquisition by a state-owned bank. Padma Bank was Tk 21 billion shy of capital adequacy as of June. If they do not agree, Padma Bank is open to merge or be bought by other government banks, such as Bangladesh Development Bank Limited. “We haven’t received a letter on merger with or acquisition of Padma Bank.

Source: bd News24 September 02, 2021 15:44 UTC