Recently, local think-tank Centre for Policy Dialogue (CPD) sounded a note of caution that malignancy in Bangladesh's banking sector is likely to have a negative impact on economy. Many banks were so engrossed in shady activities and mismanagement that they continued to bear non-performing loans regardless of repeated warnings from the Bangladesh Bank. In terms of classified loans, state-owned banks are far ahead of private ones. The Banking Companies Act 1991 facilitated opening of new banks. An increased competition among the banks resulting in lack of governance. As the regulator authority, the Bangladesh Bank should ensure good governance in the country's banking sector.
Zonaed Emran, Dhaka
[email protected]
- Wednesday, 24 April 2024 |
- Today's FE |
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