Bangladesh, Aug. 4 -- The Bangladesh Bank (BB) has withdrawn the lending ceiling imposed on five major branches of Sonali Bank, allowing the bank to approve loans without branch-specific limits, officials said.

Advertisement With the decision, all branches of the country's largest state-run commercial bank will be able to sanction loans based on customer applications, subject to the bank's internal procedures and regulatory requirements.

According to sources, Sonali Bank had informed the central bank that retaining the lending restrictions on its key branches could adversely affect economic activities by slowing the disbursement of large loans.

Following the request, the central bank decided to lift the ceiling, according to the local...