Some officials of the local office were directly involved in the irregularities, the official said. It is followed by AA Knitting at Tk 55.16 crore, Badar Spinning at Tk 24.97 crore and Mother Textile at Tk 18.73 crore. adding that the central bank’s approval is needed to create loans against the clients. At the end of September, Rupali’s default loans stood at Tk 4,102.5 crore, which is 13.85 per cent of its total loans, according to the central bank latest data. The bank faced a provisioning shortfall of Tk 859.89 crore and a capital shortfall of Tk 213.36 crore.

Source: Dhaka Tribune December 22, 2020 19:07 UTC