Editors' Council voices concern over Bank Resolution Act provision
The Editors' Council emphasised the need for effective measures to ensure transparency, accountability, and stability in the banking sector.
The Editors' Council has expressed concern over Section 18(a) of the Bank Resolution Act and discussed a range of issues affecting the country's banking sector with Bangladesh Bank Governor Md Mostaqur Rahman.
The concerns were raised during a meeting held at the central bank's headquarters today (8 June), after which, New Age Editor Nurul Kabir briefed reporters.
He said the council highlighted deep concerns over the challenges facing the banking sector, particularly the rising volume of non-performing loans, the need to establish good governance in banks, the security of depositors' funds, and the current situation in the foreign exchange market.
Keep updated, follow The Business Standard's Google news channel
According to Nurul Kabir, the governor informed the editors about various reform initiatives and plans undertaken by Bangladesh Bank to address the sector's problems and assured them that necessary measures would be taken.
The meeting also discussed the recent instability surrounding Islami Bank Bangladesh PLC, as well as issues related to inflation control, investment and employment conditions, and various aspects of the proposed national budget.
The Editors' Council emphasised the need for effective measures to ensure transparency, accountability, and stability in the banking sector.
The organisation also conveyed its concern regarding Section 18(a) of the Bank Resolution Act, which it believes warrants further discussion and scrutiny.
