Dhaka 10:13 am, Friday, 20 September 2024

No new bank merger proposals will be accepted for now : Bangladesh Bank

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  • Update Time : 12:28:00 pm, Monday, 15 April 2024
  • 314 Time View

Bangladesh Bank said that apart from Bangladesh Development Bank (BDBL), Rajshahi Agricultural Development Bank, Basic Bank, Padma Bank and National Bank, no other banks will be merged for now.

Bangladesh Bank Spokesperson and Executive Director Md. Mejbaul Haque told Samakal that apart from the five proposals for bank merger that have been received, no new proposals will be accepted for the time being. After the merger of these banks is completed, new proposals will be taken in the light of experience.

Incidentally, after the announcement of the merger of Padma and Exim Bank, the names of dozens of public and private companies have come to the list. Analysts say that good governance cannot be restored in this sector by just merging weak banks. Action should be taken against the responsible managers also.

After long discussion and criticism, two private institutions Padma and Exim Bank started the process of merger. However, there were dozens more domestic and foreign names in this list. Among which private National Bank, AB Bank, Union Bank, Global Islami Bank, ICB Islamic Bank are notable. Besides, the names of state-owned Basic Bank, BDBL Bank and Rajshahi Krishi Unyanan Bank were there.

Even though the process of merger has started, the central bank has not yet given specific policy in this regard. As a result, many things remain unclear. In such a situation, former bankers demanded quick initiatives to restore the trust of customers.

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No new bank merger proposals will be accepted for now : Bangladesh Bank

Update Time : 12:28:00 pm, Monday, 15 April 2024

Bangladesh Bank said that apart from Bangladesh Development Bank (BDBL), Rajshahi Agricultural Development Bank, Basic Bank, Padma Bank and National Bank, no other banks will be merged for now.

Bangladesh Bank Spokesperson and Executive Director Md. Mejbaul Haque told Samakal that apart from the five proposals for bank merger that have been received, no new proposals will be accepted for the time being. After the merger of these banks is completed, new proposals will be taken in the light of experience.

Incidentally, after the announcement of the merger of Padma and Exim Bank, the names of dozens of public and private companies have come to the list. Analysts say that good governance cannot be restored in this sector by just merging weak banks. Action should be taken against the responsible managers also.

After long discussion and criticism, two private institutions Padma and Exim Bank started the process of merger. However, there were dozens more domestic and foreign names in this list. Among which private National Bank, AB Bank, Union Bank, Global Islami Bank, ICB Islamic Bank are notable. Besides, the names of state-owned Basic Bank, BDBL Bank and Rajshahi Krishi Unyanan Bank were there.

Even though the process of merger has started, the central bank has not yet given specific policy in this regard. As a result, many things remain unclear. In such a situation, former bankers demanded quick initiatives to restore the trust of customers.