JS panel for reforms in banking sector

The government should bring more reforms in the banking sector to prevent recurring of Hall-Mark scam like incidents in future, said a parliamentary sub-committee yesterday.
The sub-committee probing the Hall-Mark scam made the remarks after its concluding meeting with officials of Bangladesh Bank and the Finance Division at Sangsad Bhaban in the capital.
“Some reforms have already been taken place in the finance sector and more are required to prevent such scams," said Awami League lawmaker Tazul Islam, leader of the three-member body.
He said they may submit its report identifying the culprits behind the scam to the parliamentary standing committee on the finance ministry by November.
“We will also make some recommendations on how such scams can be avoided.”
The body believes the banking regulator performed its part properly to reveal the scam, he said.
MA Mannan and Gulam Dastagir Gazi are the other members of the sub-committee formed by the parliamentary standing committee on the finance ministry on September 3.
The body will also look into the transactions of top 10 borrowers in the four state-owned commercial banks and the BASIC Bank.