Issue bonds, even encash own profits to meet capital shortfall, it asks
Thu, Mar 30 2017, 12:00 am
The central bank asked the four state-owned commercial banks (SoCBs) to go all out immediately to reduce the ballooning classified loans and meet their capital crunch.
Tap all options -recapitalisation of funds, issuing bonds and encashment of own profits-to meet the capital shortfalls, says the directive over the twin-problem facing the state banks.
The instructions were given at a meeting held at the Bangladesh Bank headquarters in the capital Wednesday to review the memorandums of u...read more