Four weak banks are getting special loans of Tk 945 against Bangladesh Bank’s guarantee. Out of this, City Bank alone is giving Tk 700 crore. Four more private banks are giving the remaining 245 crore rupees.
Social Islami, First Security Islami, National and Global Islami banks are taking this money at 12.5 to 13.5 percent interest. Apart from this, it is said that a decision may be taken today regarding Islami Bank Bangladesh, Exim and Union Bank. These banks are in crisis due to widespread irregularities and corruption during the previous government. Although overall some banks have a lot of excess liquidity.
The concerned officials said that the banks under the control of S. Alam are in more trouble. The group has withdrawn huge amount of money anonymously from these banks in various ways. Most of that money is laundered. Even though these banks have been in crisis for a long time, the central bank has been providing unethical assistance. Could not preserve statutory liquidity for long. However, to allow more money to be withdrawn, transactions with the central bank are allowed with a current account deficit. Since the fall of the Awami League government on August 5, various initiatives have been taken to restore order in the banking sector. In the meantime, the central bank has dissolved the board of directors of 11 banks, including seven of S Alam. As before, the current account deficit is not being allowed to deal illegally. Bangladesh Bank has formed a task force for reforms in the banking sector. Due to these reasons people’s confidence in the banking sector as a whole is returning.
According to the data of Bangladesh Bank, the amount of money in people’s hands was increasing after the fall of the government. However, since August 18, deposits in the bank are increasing again. Due to which the amount of notes in circulation is decreasing rapidly. The amount of notes in circulation fell to 3 lakh 9 thousand crore rupees last Sunday. After the fall of the government on August 18, which increased to a maximum of 3 lakh 22 thousand 271 crores. This means that people’s money is returning to the bank. In the meantime, a net amount of Tk 13 thousand 271 crore has returned to the central bank. Earlier, the day after the fall of the government on August 6, currency in circulation was 3 lakh 15 thousand 540 crores. 6 thousand 731 crores increased from there in 12 days.
How much money is a bank getting: Against the guarantee of Bangladesh Bank, Social Islami Bank is getting Tk 350 crore. Of this, City Bank is giving Tk 300 crore at 12 and a half percent interest. And Mutual Trust Bank is giving Tk 50 crore at 13 percent interest.
First Security Islami Bank is getting Tk 300 crore. Of this, City Bank is giving Tk 200 crore at 12 and a half percent interest. And Mutual Trust is giving 50 crores at 12 and a half percent interest and Dutch-Bangla Bank is giving 50 crores at 13 percent interest. City Bank is giving Tk 200 crore at 12.5% interest out of Tk 270 crore of National Bank. And Mutual Trust is giving 50 crores at 13 percent interest and Bengal Commercial Bank is giving 20 crores.
Apart from this, Eastern Bank is giving Tk 25 crore at 13 and a half percent interest to Global Islami Bank. Banks received this money for a period of three months. However, the period can be extended up to one year in three more phases.
An official of Bangladesh Bank told Samakal that apart from these four banks, central bank guarantees have been signed with three more banks. They too will get money soon. The processes that have to be completed with the approval of the bank’s board of directors to take the money, were not done till yesterday. Maybe if it is done on Thursday they will be able to take the money. However, it has already been decided who will pay how much money to which bank.
Good banks were not willing to lend to weak banks despite central bank guarantees. That is why the governor of Bangladesh Bank held a meeting with 10 banks with more liquidity on September 25. Ahsan H. Mansoor. It is said that if these banks fail to return the money within the stipulated time, the central bank will return it within three days. Then these banks give money.