Banking Sector

Banking in dire straits: Will needed to fix ills

People do not lack strength; they lack will, the French poet and novelist Victor Hugo once said. The words perfectly describe the government’s attitude thus far towards fixing the banking sector.
Banking sector's health weakens

The financial health of the banking sector is weakening due to rising non-performing loans, a lack of corporate governance and increasing capital shortfall, according to an Asian Development Bank report released yesterday.
Saving our ailing banking sector

Bangladesh's banking sector faces a number of major challenges including rising nonperforming loans, credit concentrations, poor
Loan default increases because of bad management

The new finance minister, Mustafa Kamal, has vowed to address the longstanding concerns regarding increasing non-performing loans in banks. Khondkar Ibrahim Khaled, a noted banker and former deputy governor of Bangladesh Bank, talks to The Daily Star's Nazmul Ahasan about the issue.
Banking sector under threat from conglomerate

The finance minister has a track record of revealing the truth from time to time, no matter how unpalatable the truth may be. We commend his remarks about a certain Chattogram-based business conglomerate having grown all too powerful in the financial sector.
Are the criticisms misplaced?

The finance minister recently told the chairpersons and directors of state-owned banks that those who highlight the sorry state of the banking sector—the culture of loan default, the flouting of set banking norms, etc—are all uninformed. Such a remark coming from him is disappointing, given the fragile state of the banking sector as a whole.
Banking sector now orphan: CPD

The Centre for Policy Dialogue yesterday came down hard on the finance ministry for the host of moves it made earlier this month to
'Deteriorating Health' of Banking Sector: It's a big worry for economy: WB

The deteriorating health of banking sector has become a major concern for the economy, the World Bank said yesterday.
Banking Sector: TIB worried at proposal for reporting law

Transparency International Bangladesh yesterday termed the Bangladesh Association of Banks' proposal of formulating the Bank Reporting Act as illegal and expressed deep concern over it.
Family grip on private banks to tighten

Parliament yesterday passed the Banking Companies (Amendment) Act 2017 amid criticism from various quarters that the revised law will help a single family tighten its hold on a private bank.
Subsidy in banking sector to avoid disaster: Muhith

Finance Minister AMA Muhith tells parliament that the government has given subsidy to state-run banks in a bid to avoid any possible disaster in banking sector. Amid criticism that there is no good governance in banking sectors, Muhith says his government is working very seriously for ensuring good governance in banking sector and money market.
Default loans soar

Default loans have dogged the country's banking sector for nearly three decades now, despite various reform efforts -- an alarming pattern that has damaged the economy and deprived honest borrowers of funds.
Unrest biggest risk to near-term outlook: WB

Political unrest, vulnerability in the banking sector and low investment stand in the way of higher GDP growth and economic development, the World Bank said.