Dhaka Bureau: Bangladesh Bank has stated that no other banks will be merged except Bangladesh Development Bank (BDBL), Rajshahi Agricultural Development Bank, Basic Bank, Padma Bank, and National Bank. Bangladesh Bank informed the media on Monday (April 15).
According to Bangladesh Bank, the existing problems of the banks that have been decided to merge must be resolved. No other bank mergers will be done for now. Later, it will be considered whether any bank merger can be done.
Incidentally, after the announcement of the merger of Padma and Exim Bank, the names of dozens of public and private banks have come to light. Analysts say that good governance cannot be restored in this sector by just merging weak banks. Action should also be taken against the responsible managers.
After long discussion and criticism, two private institutions, Padma and Exim Bank, started the process of merger. However, there were dozens of domestic and foreign banks on this list. Among which private national banks, AB, Union, Global Islami, and ICB Islamic Bank are notable. Apart from this, BASIC, BDBL, and Rajshahi Agricultural Development Bank were among the state-owned banks.
Although the merger process has started, the central bank has not yet given a specific policy in this regard. As a result, many things remain unclear. In such a situation, former bankers demand quick initiatives to restore customer trust.
