10 Bangladesh banks identified as security compromised
10 weak banks have been identified in the establishment of good governance of the banking sector. Bangladesh Bank will hold separate meetings with them. Central Bank Governor Abdur Rauf Talukder did not name the banks.
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| Abdur Rouf Talukder | Governor of BD Bank |
In the briefing, Bangladesh Bank Chief Economist Habibur Rahman presented a power point paper titled 'Bangladesh Bank's Recent Steps to Control Inflation and Currency Exchange Rate in the Context of Global Uncertainty'.
It is said that 10 weak banks have been identified in this phase based on four variables to identify relatively weak banks in the banking system. The variables said to be compromised are classified debt levels, capital adequacy, loan-deposit ratio and amount of provisioning.
According to the article, Bangladesh Bank is starting discussions on an individual (one-to-one) basis to solve the problems of weak banks identified based on four variables. In this case, the banks will give a three-year business plan to Bangladesh Bank. After that the progress of each bank will be monitored by a senior official of Bangladesh Bank.
Bangladesh Bank also said that the Master Notification on Debt Rescheduling and Restructuring has been issued to ensure transparency and accountability regarding the implementation of the decisions of banks in debt management. According to the conditions given in it, the banks themselves can decide. Earlier this was done very opaquely and unevenly.
When asked whether to mention the names of 10 weak banks, Governor Abdur Rauf Talukdar said it is better not to mention the names. If one bank goes bad, it affects the other. We are not in favor of any bank closure, we want to ensure that depositors' money is safe. We want all banks to do business, profit and survive in the market
People are not getting their money back by depositing in one-class financial institutions, whether such a situation exists in the case of one-class weak banks or not, the governor said, "There has been distrust towards one-class financial institutions." We want it not to come to the bank. That is why we are taking measures.
By | Tawsif Reza
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