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BKB seeks funds for recapitalization The bank has also sought Tkcr to enhance its paid up capital The state-owned specialized Bangladesh Krishi Bank has sought fund and other facilities from the government to revive the cash-trap bank under the ongoing recapitalization programme.
The state owned specialised bank urged the Bank and Financial Institution Division under finance ministry to address the two major issues such as issuance of the public bonds against the accumulated losses and non-payment of corporate taxes till the accomplishment of the recapitalisation programme.
The bank has also sought Tkcr to enhance its paid up capital.
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The government has already disbursed Tk4,cr to help four-state -owned banks to cover up their capital shortfall created mainly because of the large-scale credit scams that surfaced one and half year ago, he added. The government injected Tk4,cr to four state-owned banks and Tk 67 cr to the Bangladesh Commerce Bank to issue right share from existing capital.
As per the proposal, Krishi Bank has sought to issue redeem bond against the accumulated losses of Tk2, According to the Krishi Bank proposal, the bank will be relieved from all the corporate tax system until and unless the government issued redeem bond against the accumulated losses incurred in last couple of years.
The proposal also said the authorized capital of Bangladesh Krishi Bank needed to be increased to Tk3,cr from the existing Tk1,cr while paid up capital needed to be increased to Tk2,cr from existing amount of Tkcr. Banking Secretary Dr M Aslam Alam told the Dhaka Tribune the government has given Tk cr from the budget of the current fiscal year to recapitalize four-state owned banks while it has still enough funds to allocate for the recapitalization of the more state owned banks in the country.WRITE (6,*) 'Use the cursor to draw a polygon' WRITE (6,*) 'Type A to add point, D to delete, X to exit' NPT = 0 CALL PGOLIN (50, NPT, X, Y, 0) IF (barnweddingvt.com3) CALL PGPOLY (NPT, X, Y) PGNCURSE is similar to PGOLIN, but the points are sorted into increasing order of .
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