The central bank governor Ahsan H. Mansur said that “We are trying to keep banks afloat through good governance. We may not be able to save all of them. Not every bank will survive. The chances of survival for some banks are very slim because, in some cases, 87% of the deposits have been given to a single family.” Today, Tuesday (February 25), he made this statement as the chief guest during the “Macro-Economic Policy and Governance in the Banking Sector” session on the second day of a two-day conference titled “Recommendations of the Task Force on Economic Restructuring,” organized by the Centre for Policy Dialogue (CPD) in Dhaka.
The governor said, “At this moment, we are not considering granting new approvals for digital banks. Instead, we are thinking about how to make MFS (Mobile Financial Services) interoperable for transactions.” The governor stated that although the Financial Institutions Division (FID) will continue to exist, policies are being formulated to prevent it from influencing banks. He said, “FID will not be able to exert any influence in the banking sector. If they want, they can take care of insurance companies, but not banks.”
Source: The Business Standard
