Bangladesh, Sept. 10 -- A fresh US$81.68-million capital is going to be funneled into Janata Bank's UAE operations to avert wind-down of its business following persistent capital-shortfall-triggered regulatory restrictions on its reserve accounts.

Advertisement To this effect, the Financial Institutions Division (FID) Tuesday sent to the Finance Division a letter seeking approval for the government bailout for the state-owned bank's overseas outfit, sources said Wednesday.

Earlier, the UAE central bank had threatened to freeze Janata Bank's UAE operations and force a three-year wind-down of the business over its persistent capital shortfall, sources said.

The fund will be sourced from Janata Bank's head office in Dhaka and routed thro...