Banking Sector Reforms
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 This unprecedented decision marks the first time in Bangladesh's banking history that so many MD appointments have been revoked simultaneously, sparking intense debate within the sector.
Chief advisor stresses national unity for state reforms
Chief Advisor Muhammad Yunus has underscored the vital need for national unity to implement necessary reforms and repair the state.
Time to reform the banking sector is now
In the context of a political shift, the country has entered a new era. Under the leadership of Nobel Peace Prize laureate and internationally renowned economist Dr. Muhammad Yunus, a 17-member interim government has assumed the responsibility of governing the state. The primary duty of this interim government is to hand over power to a newly formed government based on the people's mandate through a fair and acceptable national election.
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