Bangladesh Bank (BB) has announced it will no longer provide special liquidity support to any banks, according to Governor Ahsan H Mansur. This decision marks a significant shift in the central bank’s approach, as it has recently suspended liquidity support for several Shariah-based banks.
Governor Mansur made the announcement during a press conference following a meeting with a delegation from the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). He also disclosed that the central bank has imposed lending caps on six financially troubled banks. These measures aim to address the ongoing issues within the banking sector and reinforce financial stability.
Mansur stressed that depositors retain the right to withdraw their money from the affected banks. He warned that banks would be held responsible if they fail to uphold customer trust, potentially leading to further scrutiny and regulatory action.
At the FBCCI meeting, members voiced their concerns about the need for accountability, calling for the prosecution of individuals involved in defrauding and mismanaging banks under the pretense of business activities. The meeting underscored the urgency of addressing financial misconduct and ensuring the integrity of the banking sector.
For more updates, be with Markedium.
Leave a comment