Staff Reporter :
In response to a severe cash shortage, Bangladesh Bank provided approximately Tk 25,521 crore in loans to commercial banks and financial institutions in a single day, on Wednesday.
The central bank’s data revealed that Shariah-based banks borrowed around Tk 1,500 crore, while other banks and financial institutions accounted for the remaining amount.
The press release from the central bank on Thursday detailed that commercial banks faced an intense demand for cash on Wednesday.
This was due to a four-hour reopening after a period of closure caused by a curfew.
The shortage of money in ATM booths and days of internet shutdown further escalated the demand for cash.
The central bank conducted auctions for various liquidity support facilities on Wednesday.
Around Tk 5,007 crore was allocated to 14 banks and 2 financial institutions under the 7-day repo facility. Tk 2,370 crore was allocated to 9 banks under the 14-day repo facility.
Tk 7,197 crore was provided to 12 banks and 2 financial institutions under the 28-day repo facility. Tk 5,691 crore was given to 3 banks under the 180-day assured repo facility. Tk 3,774 crore was allocated to 11 primary dealer banks under 1-day assured liquidity support.
Additionally, under the Islamic Banks Liquidity Facility (IBLF), Tk 497 crore was provided to 1 bank for 14 days. Tk 984 crore was given to 5 Islamic banks for 28 days.