Bangladesh Association of Banks (BAB), an organization of entrepreneurs and directors of private banks, in a statement has said that there is no liquidity crisis in the banks at present. In a statement issued on Monday, BAB said that there is a negative campaign going on over liquidity crunch in the banking sector. But this is not true; liquidity in the banks is stable, it said. Chairman of BAB and Exim Bank, Nazrul Islam Majumder, signed the notification. read more: No liquidity crisis in banks: ABB There is a liquidity of Tk 1.70 lakh crore remaining in the banking sector at present, which is more than the requirement, he said. BAB issued the statement after discussing the current situation of the banking sector in a meeting.

Prime Minister Sheikh Hasina on Wednesday asked the private banks to be more sincere in providing loans at a low interest rate to small business enterprises to offset the Covid-19 fallouts.

Thirty-five commercial banks under Bangladesh Association of Banks (BAB) at a function on Wednesday provided 25,95,000 pieces of blankets to the Prime Minister’s Relief and Welfare Fund to help the poor during the upcoming winter.

Prime Minister Sheikh Hasina on Sunday laid emphasis on allocating more funds for technical and vocational training from the Prime Minister’s Education Assistance Trust to develop a skilled and efficient generation.