The most debated topic right now outside politics is probably the banks laden with around Tk 100,000 crore in nonperforming loans and at least Tk 22,000 crore taken out through scams in recent years. This is a roll back on the improvement achieved in the 1990s through reform programmes.

And yesterday, the country’s top economists and bankers called on the politicians to pledge not to further interfere in banks, the heart of the economy, if Bangladesh must move on as a middle-income country.

They observed that the banking sector was now passing through “the worst time ever” that needs to be corrected with stern decisions.

“Breaching of rules and regu…
Banking Industry News