Dhaka, Nov. 13 -- Islami Bank Bangladesh PLC, the country's largest private sector bank, is heading toward a major ownership overhaul as it has sought a Tk 6,000 crore equity investment from the government to resolve its severe capital crisis.

Under the proposal, if the government or state-owned institutions provide this investment, the state's stake in the bank would rise to 78.8 percent, effectively bringing the private commercial bank under government control.

The initiative aims to bridge the bank's capital deficit, strengthen its financial foundation, and prevent previous owners from regaining influence. Bangladesh Bank has forwarded the proposal to the Financial Institutions Division of the Ministry of Finance to seek government c...