Bangladesh Bank (BB) has asked the new board of directors of the Farmers Bank Limited (FBL) to keep some money in the bank to face the existing liquidity crisis and bring back customers’ confidence. “We have directed the members of the bank’s board to keep some money from their own fund for overcoming the current liquidity crisis,” said central bank’s Executive Director Subhankar Saha. He said the board members, too, expressed their strong determination to run the bank as per the central bank’s directions. Also Read- Central bank orders removal of Farmers Bank MD AKM ShameemAnother member of the board of directors Mahabubul Haque Chisti also resigned as chairman of the FBL audit committee. The central bank also sent a letter to FBL, asking why Managing Director AKM Shameem of the private bank would not be removed within seven days.

Source: Dhaka Tribune November 29, 2017 15:11 UTC