July 24, 2026
The conglomerate owes Tk 240 billion to 29 banks
The bank had previously asked for Tk 100 billion in support amid a swathe of deposit withdrawals
Some investors and traders are concerned that Governor Kevin Warsh might tighten up on cash in the financial system
The central bank has made three rounds of dollar purchases totaling nearly $500 million
The move will leave banks dependent on the 7-day repo
The dollar's response to Israel's strikes on Iranian nuclear facilities and military commanders, followed by Tehran's initial threats and retaliation, was pretty feeble
Special fund is now available until Dec 31, 2026, with an additional Tk 2 billion for banks
The new directive will take effect from Mar 5
