Special relaxation for two companies of Beximco Group
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AI summary7 sources · 8 articles
Bangladesh Bank has granted special policy support and relaxed financial restrictions for two Beximco Group companies to keep their businesses operational and maintain market stability. The move exempts them from certain restrictions under the Bank Company Act regarding letters of credit and working capital.
- Bangladesh Bank extended policy support and relaxed financial restrictions for two Beximco Group companies to sustain industrial production.
- The two companies receiving the benefits are Shinepukur Ceramics and Beximco LPG Unit-1.
- The central bank exempted them from complying with Section 27Kaka(3) of the Bank Company Act.
- Beximco LPG Unit-1, a loan defaulter, will be allowed to open letters of credit with a 100% margin.
- Shinepukur Ceramics can now open letters of credit with a 15% margin instead of 100%, despite being treated as a defaulter due to other group companies.
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Timeline
- Oct 12First reported by প্রথম আলো: ব্যবসা সচল রাখতে বেক্সিমকো গ্রুপের দুই কোম্পানিকে বিশেষ ছাড়
- Oct 131 new article, now also Independent TV (YouTube): বেক্সিমকোর দুই কোম্পানিকে ছাড় | BEXIMCO'S | Independent TV
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বেক্সিমকো গ্রুপের দুই কোম্পানিকে বাংলাদেশ ব্যাংকের বিশেষ ছাড় দেওয়ার বিষয়টি বিভিন্ন গণমাধ্যমে আলোচিত হয়েছে।
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