Nine strong banks provide Tk 65.85 billion in liquidity aid to seven struggling banks amid severe cash shortagesSeven banks facing liquidity crisis get Tk 65.85bn from 9 stable banksNine stable banks have injected Tk 65.85 billion into seven weak banks to help them get over liquidity shortages. Among the struggling banks, Islami Bank Bangladesh received the highest liquidity support, with Tk 20.95 billion provided by seven stable banks. Social Islami Bank secured Tk 11.75 billion from six banks, First Security Islami Bank received Tk 10 billion from six banks, Union Bank obtained Tk 4 billion, Global Islami Bank acquired Tk 2.95billion, National Bank received Tk 9.20 billion, and EXIM Bank secured Tk 7 billion. He instructed stable banks, particularly those with relatively strong deposit positions, to continue supporting weak banks. Subsequently, 10 stable banks agreed to provide liquidity support to the weaker banks.

Source: bd News24 November 13, 2024 19:23 UTC