Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the learnpress domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u744833385/domains/bizdatainsights.com/public_html/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the learnpress domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u744833385/domains/bizdatainsights.com/public_html/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the dc-bkash domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u744833385/domains/bizdatainsights.com/public_html/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rank-math domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u744833385/domains/bizdatainsights.com/public_html/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u744833385/domains/bizdatainsights.com/public_html/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u744833385/domains/bizdatainsights.com/public_html/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the pods domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u744833385/domains/bizdatainsights.com/public_html/wp-includes/functions.php on line 6114
Liquidity Crisis Puts Banks At Risk Of CRR And SLR Shortfalls - BIZDATA INSIGHTS

Liquidity Crisis Puts Banks at Risk of CRR and SLR Shortfalls

Industry: Bank, Financial
Company: Bangladesh Commerce Bank, First Security Islami Bank Limited, Global Islami Bank Limited (GIBL), ICB Islamic Bank Limited, Islami Bank Bangladesh Limited (IBBL), National Bank Limited (NBL), SOCIAL ISLAMI BANK LTD (SIBL), Union Bank Limited
Company Intelligence Tag: Business Insights

Eight private commercial banks, including six sharia-based ones, in Bangladesh are facing Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) shortfalls due to a severe liquidity crisis. These banks are grappling with deposit withdrawal pressure and are relying on liquidity support from the central bank. The Bangladesh Bank has imposed fines on these banks, but its priority is to improve their financial health. The banks have been given a deadline until September to address the situation. The liquidity shortage in Islami Bank Bangladesh, the country’s largest private bank, has also affected other sharia-based banks. The financial conditions of Bangladesh Commerce Bank, National Bank, and ICB Islamic Bank have deteriorated due to loan irregularities and scams. The banks’ inability to maintain CRR and SLR indicates a lack of trust and poses risks to depositors’ money. Stricter actions against those involved in loan fraud and irregularities have been suggested by experts.

Source for more details:

Related News

Pubali Bank Wins Two Honors at Mastercard Excellence Awards

November 21, 2024

Pubali Bank PLC has been recognized at the Mastercard Excellence Awards 2023 for its efforts in promoting financial inclusion and strengthening the digital economy. The bank won in two categories: "Excellence in Mastercard Debit Business (International) 2023-24" and "Excellence in Mastercard Business Growth (Acquiring) 2023-24."

Social Islami Bank Stands Strong with Clear Loan Records

November 21, 2024

Following the dissolution of its previous board on August 5, 2024, Social Islami Bank PLC, now led by an independent director and chairman, is undergoing significant reforms to address a liquidity crisis and restore stability. The Shariah-based lender has a total deposit of Tk 32,272.45 crore and investments of Tk 37,534.59 crore as of November 17, 2024

Moody’s Downgrades Deposit Ratings for Six Banks

November 21, 2024

Global rating agency Moody’s has downgraded the long-term local and foreign currency deposit ratings of BRAC Bank, Mercantile Bank, and Premier Bank due to Bangladesh's recent sovereign downgrade to B2 on November 18, 2023. This marks the first downgrade in 14 years, reflecting heightened economic risks.

Monno Ceramic Sees 89% Profit Drop in Q1

November 21, 2024

Monno Ceramic Industries Ltd, a prominent tableware manufacturer in Bangladesh, reported a steep 89% drop in profits for the first quarter (July-September) of FY 2024-25. The company’s earnings fell to Tk 30.17 lakh during this period, significantly lower than Tk 2.66 crore recorded in the same quarter of the previous year.

BB Increases Forex Endorsement Limit to $2,000

November 21, 2024

Bangladesh Bank (BB) has raised the foreign currency endorsement limit at money exchange houses for travelers to $2,000, doubling the previous cap of $1,000. The new policy, announced on November 19, 2024, aims to ease currency access for Bangladeshis traveling abroad. A senior BB official stated that travelers could now purchase up to $2,000 in cash from money changers, increasing convenience.

Doreen Power’s Profit Falls by 17%

November 21, 2024

Doreen Power Generations and Systems faced a profit drop of over 17% in Q1 FY 2024-25 due to plant shutdowns and rising operational costs. The company's profit for July-September stood at Tk 26.95 crore, down from Tk 32.52 crore a year earlier. Earnings per share (EPS) fell to Tk 1.48 from Tk 1.80, according to unaudited financial statements released on November 20, 2024.

Related News

Pubali Bank Wins Two Honors at Mastercard Excellence Awards

November 21, 2024

Pubali Bank PLC has been recognized at the Mastercard Excellence Awards 2023 for its efforts in promoting financial inclusion and strengthening the digital economy. The bank won in two categories: "Excellence in Mastercard Debit Business (International) 2023-24" and "Excellence in Mastercard Business Growth (Acquiring) 2023-24."

Social Islami Bank Stands Strong with Clear Loan Records

November 21, 2024

Following the dissolution of its previous board on August 5, 2024, Social Islami Bank PLC, now led by an independent director and chairman, is undergoing significant reforms to address a liquidity crisis and restore stability. The Shariah-based lender has a total deposit of Tk 32,272.45 crore and investments of Tk 37,534.59 crore as of November 17, 2024

Moody’s Downgrades Deposit Ratings for Six Banks

November 21, 2024

Global rating agency Moody’s has downgraded the long-term local and foreign currency deposit ratings of BRAC Bank, Mercantile Bank, and Premier Bank due to Bangladesh's recent sovereign downgrade to B2 on November 18, 2023. This marks the first downgrade in 14 years, reflecting heightened economic risks.

Monno Ceramic Sees 89% Profit Drop in Q1

November 21, 2024

Monno Ceramic Industries Ltd, a prominent tableware manufacturer in Bangladesh, reported a steep 89% drop in profits for the first quarter (July-September) of FY 2024-25. The company’s earnings fell to Tk 30.17 lakh during this period, significantly lower than Tk 2.66 crore recorded in the same quarter of the previous year.

BB Increases Forex Endorsement Limit to $2,000

November 21, 2024

Bangladesh Bank (BB) has raised the foreign currency endorsement limit at money exchange houses for travelers to $2,000, doubling the previous cap of $1,000. The new policy, announced on November 19, 2024, aims to ease currency access for Bangladeshis traveling abroad. A senior BB official stated that travelers could now purchase up to $2,000 in cash from money changers, increasing convenience.

Doreen Power’s Profit Falls by 17%

November 21, 2024

Doreen Power Generations and Systems faced a profit drop of over 17% in Q1 FY 2024-25 due to plant shutdowns and rising operational costs. The company's profit for July-September stood at Tk 26.95 crore, down from Tk 32.52 crore a year earlier. Earnings per share (EPS) fell to Tk 1.48 from Tk 1.80, according to unaudited financial statements released on November 20, 2024.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here