Initiatives are underway to enhance Bangladesh Bank's authority in resolving troubled banks and stabilising the financial sector, officials said. Several weak banks are deteriorating further due to liquidity being tied up with industries linked to the S Alam Group, which has almost defaulted. Bangladesh Bank, the country's central bank, recently disclosed that
Tag: troubled banks
BB must give liquidity support to troubled banks: Mintoo
Challenging the central bank to go further if it truly wants to save troubled banks, prominent businessman and newly-installed chairman of National Bank Limited (NBL) Abdul Awal Mintoo has said merely restructuring the board of directors of these banks after dissolving the previous ones will not be enough to resolve