Don't bail out failed banks

It is perhaps unprecedented in the banking history of our country that the government has continually bailed out failing banks. It is a very dangerous step. The banks that the government has been trying to prop up have already lost depositors' confidence.

Instead of bailing out failed banks, the government should take bold steps to ensure good governance in the banking sector, which will increase the confidence of depositors. Having been hit by numerous loan scams, the banking sector is witnessing a period of grave danger in its history. If the scammers go unpunished under the auspices of the authorities, the public will lose faith in the system completely.

MZ Emran, By e-mail