State banks still in capital deficit

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Offline Showrav.Yazdani

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State banks still in capital deficit
« on: July 10, 2016, 12:50:21 PM »
The government provided Tk 1,578 crore to state banks last fiscal year to meet their capital deficit and yet it was not enough for the institutions.

Scam-hit BASIC Bank was given Tk 1,200 crore, Sonali Tk 178.41 crore, Krishi Tk 140.08 crore and Rajshahi Krishi Unnayan Tk 55 crore.

Initially, Tk 5,000 crore had been earmarked for the state banks, but a major portion of it was slashed later -- the strongest indication yet of the government's intent to crack down on the lenders' errant ways.

Even after the substantial capital injection, the eight state banks -- six commercial and two specialised -- ran a total deficit of Tk 12,550 crore until March 31.

The capital deficit of the six commercial banks was Tk 4,736 crore.

Sonali has a shortfall of Tk 2,849 crore and BASIC Tk 2,236 crore, while Agrani, Janata and Bangladesh Development Bank Limited have surplus.

Offline Shah Alam Kabir Pramanik

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Re: State banks still in capital deficit
« Reply #1 on: July 12, 2016, 05:22:20 PM »
Thanks for Sharing.