The merger idea was floated after the IMF suggested that the central bank prepare a road map to reduce default loans as part of the conditions for its $4.7 billion loan package.
Questions have been raised as to why so many banks in Bangladesh are being merged at the same time. Some indicate that given the size of the Bangladesh economy, the number of banks in the country has exceeded the optimal level.
Bangladesh's Banking Sector Heading For Collapse? – OpEd – Eurasia Review eurasiareview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurasiareview.com Daily Mail and Mail on Sunday newspapers.
Nine banks were in BB 'red zone' | The Daily Star thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.
The Bangladesh Bank put nine banks, four state-owned banks among them, in the red zone in terms of their financial health in the June 2023 edition of "Banks Health Index (BHI) and HEAT Map."
The nine banks, the financial health of which was stated to be fragile, were Bangladesh Commerce Bank, Padm
Ill oversight, rising NPL stoke provision shortfall thedailynewnation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailynewnation.com Daily Mail and Mail on Sunday newspapers.
Record capital shortfall of 3,774C at 14 banks in Q3'2023 dhakatribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dhakatribune.com Daily Mail and Mail on Sunday newspapers.
The National Bank Ltd has postponed its annual general meeting (AGM) for an indefinite period following a status quo order issued by the Supreme Court.
Fourteen banks, including six state-run ones, faced a record capital shortfall in the third quarter of 2023, an indication of their fragile financial health caused mainly by a lack of governance.