Dhaka, March 22 -- Capital-deficient state-owned Rupali Bank's authorised capital is being bumped up from Tk 7.0 billion to Tk 25 billion to bolster its financial base and enhance clientele confidence, sources said.

The commercial bank, Rupali Bank PLC, had a capital shortfall of Tk 22.73 billion as of December2023, according to Bangladesh Bank data.

Now the bank will be able to raise its paid-up capital To Tk 25 billion through issuance of bonus and rights shares, the sources said about the government equity support which, incidentally, comes in the wake weak banks' mergers and acquisitions under financial-sector reforms.

Currently, the paid-up capital of the bank is as low as Tk 4.64 billion. Its authorised capital is now Tk 7.0 bill...