Bangladesh Bank has provided an emergency fund of Tk 1,000 crore to the private National Bank , which is facing a liquidity crisis amid increased cash demand ahead of Eid.
According to central bank sources, this assistance has been provided for 90 days at an interest rate of 11.5 percent.
A senior Bangladesh Bank official said that in recent times, National Bank has been under pressure to refund customers’ money. The bank has sought help from the central bank to maintain normal cash flow, in view of which the fund was approved.
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