Sonali Bank seeks Tk 10,000cr to meet BASEL III requirements

State-run Sonali Bank has sought about Tk 10,000 crore as regulatory capital from the government in order to implement the BASEL III guidelines. The bank sent a letter to the finance ministry in the last week of June requesting it to provide the capital support. The fund will be used to manage its historical loss, an official of the bank said.   Sonali Bank incurred a