Bangladesh, Oct. 14 -- State-owned Sonali Bank comes to the aid of private-sector National Bank again with Tk 70 billion under regulatory guarantee to facilitate the cash-strapped lender's recovery process.

Under the guarantee of Bangladesh Bank (BB) aimed at strengthening stability in the banking sector, the country's largest commercial lender took the decision of providing the placement support on Tuesday.

The move comes after the banking regulator advised the public bank rolling in liquidity to extend the guarantee-backed placement support to National Bank PLC so that it can resume full banking services allowing customers to withdraw money according to their needs from all its branches and ATM booths across the country from October ...