In the past seven days, customers have withdrawn around Tk4,240 crore from the bank.
The logo of Islami Bank PLC. Photo: Collected
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The logo of Islami Bank PLC. Photo: Collected
Islami Bank Bangladesh Limited has said its cash reserve ratio (CRR) has moved from a positive position to negative, following a surge in customer withdrawals after the appointment of Khurshid Alam as chairman.
According to a senior bank official, customers across the country began withdrawing money after his appointment. In the past seven days, customers have withdrawn around Tk4,240 crore from the bank.
The official said the heavy withdrawal pressure has pushed the bank’s CRR, maintained with the central bank, into negative territory today (9 June).
More to follow…
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