Bangladesh Bank (BB) Governor Dr. Ahsan H Mansur asked some financially strong banks to provide more funds as liquidity support to support less solvent banks in the banking sector under the central bank’s guarantee system.

During an unscheduled meeting with Managing Directors (MDs) and Chief Executive Officers (CEOs) of 17 banks today (November 11), the chairman hinted that some banks will require greater liquidity support and this will be met through interbank liquidity management. .

Managing directors of state-owned banks – Sonali, Rupali, Janata, Agrani and private sector banks – Brac, City, Pubali, Easter, Dutch Bangla, Dhaka, NCC, Mercantile, Premier, Jamuna, MTB, Southeast were present in the meeting.

The central bank’s Off-Field Supervision department held an emergency meeting with banks to discuss important issues. Topics include international LC payments and the current state of the foreign exchange market.

Speaking at the meeting, he said that the central bank would not print more money on paper, as it did during the period of some recent presidents, due to the crisis.

The general managers of the banks informed the governor that the foreign exchange market is currently stable and will be at a positive level next January.

Governor Dr. Mansur warned bank presidents to keep a close eye on the currency so that no one hoards US dollars or manipulates them for cross-currency purposes.

He also warned against the deployment of international LCs against some banks even though they have enough dollars for them.

The official added that from now on, if any delay in LC payment is detected, the central bank will take administrative measures.

MDs attending the meeting demanded that the interest rate on credit card payments be increased, which adds additional maintenance costs to the credit card services of the relevant banks.

Additionally, medical doctors wanted to register cases as soon as they declared a loan canceled. However, under the current rule, banks must wait two years before filing a lawsuit.

The governor took note of the doctors’ requests but did not make any decisions on these issues. He also asked central bank officials to collect more information on the reasons for these requests.

Governor Dr. Mansur also pointed out that banks have capital shortages and cannot provide dividends to stock market investors.