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Banking sector needs urgent reforms: Speakers

Published : Sunday, 13 October, 2019 at 12:00 AM  Count : 40

Former Adviser to the Caretaker Government Hafiz Uddin Ahmed speaking at a roundtable arranged by Shushashoner Jonno Nagorik at the Jatiya Press Club on Saturday.	photo : observer

Former Adviser to the Caretaker Government Hafiz Uddin Ahmed speaking at a roundtable arranged by Shushashoner Jonno Nagorik at the Jatiya Press Club on Saturday. photo : observer

Speakers at a roundtable urged the government on Saturday to take swift measures to reform the banking sector and set up a dedicated commission to this end.

Noted economist Prof Dr Mainul Islam presented the keynote paper at the programme arranged by Shushashoner Jonno Nagorik at the Jatiya Press Club.

Finance Minister AHM Mustafa Kamal said, "He won't give a single taka loan to defaulters. He applied a trick to simplify the process of writing-off bad debt. Various banks are now able to increase write-offs using this relaxed method.".
Writing-off more bad debts will help banks show less classified loans, Prof Islam said.

 Shujan Secretary Dr Badiul Alam Majumder said economic mischief is sustained by political mischief. "Politics has to be ideology-based to eliminate economic mismanagement," he opined.
Eminent columnist Syed Abul Maksud, parliamentarian Barrister Rumeen Farhana and former deputy governor of Bangladesh Bank Khondokar Ibrahim Khaled also spoke at the conference.    -UNB












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