Dhaka, July 1 -- The debt crisis facing City Group may be resolved within three months, Bangladesh Bank Governor Mostaqur Rahman has said.

He made the remarks on Tuesday at a press conference following the announcement of the central bank's monetary policy for the first half of the new fiscal year.

City Group currently has outstanding loans of Tk 240 billion from 29 banks.

"I met with the managing directors of three leading banks and asked them to work out a solution. We will provide support," Mostaqur said.

"They have proposed some solutions. I believe that if these are implemented over the next three months, City Group may be able to emerge from its current difficulties."

The country's leading business conglomerate, which has inves...