, June 9 -- Islami Bank Bangladesh PLC, one of the largest private commercial banks, has hit a severe liquidity crisis, forcing it to seek Tk 10,000 crore in emergency liquidity support from the central bank.

Amid agitation on the 7th day for resignation of Chairman Khursid Alam and mass withdrawal of cash, the bank requested the assistance after failing to maintain its required Cash Reserve Ratio (CRR) due to a significant drop in its current account balance at Bangladesh Bank.

A top official of Islami Bank confirmed the development, stating that the bank's liquidity came under massive pressure following recent large-scale deposit withdrawals by panic-stricken clients.

"While our principal account with Bangladesh Bank remains positive...