Several institutions in the banking sector, which are under pressure because of excessive volume of defaulted loans and capital shortfalls, are moving toward raising funds through issuing bonds to strengthen their capital. As part of this, the Bangladesh Securities and Exchange Commission (BSEC) has approved the issuance of bonds worth Tk 3,500 crore for five banks. This information was disclosed in a notice signed by BSEC Executive Director and Spokesperson Md. Abul Kalam.The banks that receive...
