Crisis in the Banking Sector
Change of MDs of state-owned banks, when is the policy overhaul?
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 This unprecedented decision marks the first time in Bangladesh's banking history that so many MD appointments have been revoked simultaneously, sparking intense debate within the sector.
‘Bangladesh Bank reports 11% non-performing loans; actual figure is 25%’
‘Bangladesh Bank reports 11% non-performing loans; actual figure is 25%’
Economist and researcher Dr. Ahsan H Mansur has highlighted discrepancy in reported financial figures, saying that Bangladesh Bank reports 11 percent non-performing loans (NPLs), but the actual figure is 25 percent.
Trending Views
