Six banks still in shortfall despite BB support

Six Bangladeshi banks, including four Shariah-based ones, are facing significant current account deficits totaling Tk 14,621 crore despite receiving special liquidity support from the central bank. First Security Islami Bank has the highest deficit at Tk 6,693 crore. Most of these banks are linked to the S Alam Group. The Bangladesh Bank has been providing support without securities, raising concerns about the banking sector’s health. Experts criticize this practice, suggesting it indicates deeper issues in the country’s financial system. Daily Star