BB lifts credit ceilings on 5 key Sonali Bank branches
Dhaka, Aug. 4 -- Bangladesh Bank (BB) has removed the long-standing caps on loan disbursements across five crucial corporate branches of state-owned Sonali Bank PLC, allowing them to resume lending to large and eligible borrowers upon thorough scrutiny.
The central bank's decision fully eliminates loan disbursement ceilings for Sonali Bank's Local Office, Foreign Exchange Corporate branch, Shilpa Bhaban Corporate branch and Shaheed Abrar Fahad Avenue Corporate branch in Dhaka, and the Laldighi Corporate branch in Chattogram. Following a recent application, the central bank has withdrawn the embargo.
Before this directive, these branches faced strict credit restrictions, with loan caps ranging between Tk 5 crore and Tk 20 crore depending...
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