Bangladesh central bank says troubled Islami Bank will get cash injection
Dhaka, June 12 -- Three days after Islami Bank Bangladesh asked the central bank for Tk 100 billion in liquidity support, Bangladesh Bank has clarified it would provide the troubled lender with a cash injection, but has not specified the amount.
At a post-budget press conference in Dhaka on Friday, Governor Md Mostaqur Rahman said the depositors at the troubled bank will see the existing cash crisis resolved in a few days, reports bdnews24.com.
"It's being rumoured on social media that the government is illegally interfering in Islami Bank. We've not done so. We didn't order any loan or anyone's transfer. We didn't dictate anyone's promotion either," he said.
Published by HT Digital Content Services with permission from The Financial E...
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