2024-09-22 09:17:12
During the previous government, there was a liquidity crisis in the banking sector due to various irregularities, anonymous loans, looting in the name of loans, loan defaults. The interim government has initiated reforms in the banking sector. The central bank has re-constituted the board of directors of some banks. The central bank said that liquidity support will also be provided. But the weak banks want liquidity support in a quick time.
A meeting of Bangladesh Association of Banks (BAB) was held on Wednesday (September 18) with Bangladesh Bank. In the meeting, the managing directors of weak banks demanded immediate liquidity assistance from the governor.
Bangladesh Bank Executive Director and Spokesperson Husnay Ara Shikha said that in the meeting, weak banks seeking liquidity support said that Bangladesh Bank’s decision to provide liquidity support should be implemented as soon as possible.
He said, in the meeting, separate guidelines for Islamic banks and a separate department in Bangladesh Bank were also demanded. In this regard, the Governor of the Central Bank did not make any comment. In addition, it was demanded that the central bank take care of the salaries and allowances of the MDs and employees and leave it to the banks. In this regard, the governor said, it will be left to the banks gradually.
In the meeting of Central Bank and BAB, it has been requested to add Bangladesh Association of Banks (BAB) and Association of Bankers Bangladesh Limited (ABB) to the policy of Bangladesh Bank. In this case, the governor of Bangladesh Bank. Ahsan H Mansoor said, a stakeholder consultation can be done. Policies can be made keeping in mind stakeholder consultation.
BAB also demanded an end to the culture of writs on non-performing loans (NPLs) by banks. BAB also opined that NPL regulatory should be changed in this case. In this case, the governor. Ahsan H. Mansoor agreed.
There are several hurdles to selling a property in a foreclosure court. BAB demanded to remove them. In this regard, the governor said, the money lending court should be made effective. Bangladesh Bank will sit with the Attorney General’s Office if necessary.
BAB demanded that the policies implemented by Bangladesh Bank should be done keeping in mind the culture of Bangladesh. The central bank governor said that the policies are made keeping in mind the international standards.