Bangladesh Bank Governor
Banking sector reforms must be based on reality
This government-backed family has become a liability to the banking sector. Dr. Mansur also announced that the Bank Resolution Act is being formulated to address banking failures. Some state-owned banks are also struggling, and measures will be taken to prevent the Financial Institutions Division of the Ministry of Finance from interfering in banking operations. The Bangladesh Bank will be allowed to function independently. However, the Governor did not explicitly state what would happen to banks that cannot be saved or how they would be phased out. His remarks, however, indicate that major changes are on the horizon for the banking industry.
BB detects Tk2,300 crore irregularities in Nagad: Governor
Bangladesh Bank has so far detected irregularities totaling Tk2,300 crore, including the excessive creation of Tk600 crore in e-money by the mobile financial services provider Nagad.
BB Governor Abdur Rouf resigns
Bangladesh Bank (BB) Governor Abdur Rouf Talukder has resigned, submitting his resignation to the Secretary of the Financial Institutions Division (FID) on Friday afternoon citing personal reasons.
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