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Bangladesh Bank will not lend to National Bank by printing money

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Bangladesh Bank will not lend to National Bank by printing money
Bangladesh Bank will no longer lend to National Bank by printing money. Rather, National Bank will have to return money to depositors as per their demand by taking loans from other banks. The central bank will be the guarantor of these loans.

Bangladesh Bank spokesperson Arif Hossain Khan gave this information on Thursday (October 8).

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He said that on the same day, National Bank Chairman Melita Mehjabeen and Acting Managing Director Zahidul Haque held a meeting with Bangladesh Bank Governor Mostaqur Rahman. In the meeting, instructions were given to ensure that depositors can withdraw money according to their needs.

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At the meeting, the Chairman of National Bank highlighted the bank's recent situation. The chairman said that due to various steps taken by Bangladesh Bank, good governance has been ensured in the bank. Positive changes have also been brought to entrepreneurial management to increase the bank's efficiency and performance.

The Governor of Bangladesh Bank said that the recent liquidity situation of National Bank and depositors' demand to withdraw money have come to the central bank's attention. Instructions have been given to take necessary measures to protect depositors' interests, maintain trust in the banking system, and manage the bank's operations properly.

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