Bank management
Change of MDs of state-owned banks, when is the policy overhaul?
The Financial Institutions Division under the Ministry of Finance on September 19 issued a circular cancelling the contract-based appointments of Managing Directors and Chief Executive Officers (MDs and CEOs) at six state-owned banks: Sonali, Rupali, Agrani, Janata, BASIC, and BDBL. This unprecedented decision marks the first time in Bangladesh's banking history that so many MD appointments have been revoked simultaneously, sparking intense debate within the sector.
Depositors must have confidence in bank management
The weak and troubled banks will no longer be supported by printing money. Shutting down banks suddenly or printing money to solve the problem is not the way forward. There are no plans to cancel the 1,000-taka note, so there should be no rumors about it. However, the dissolution of the boards of directors of weak banks is under consideration
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