The Bangladesh Bank has formed a six-member taskforce to carry out reform initiatives in the banking sector of the country.
This taskforce will assess the current financial situation, distressed assets and major risks in the banking sector, the central bank said in a circular issued on Thursday.
The task force will also examine the economic indicators of weak banks, actual credit status, provision shortfall, liquidity situation, net capital, exact value of assets, and separation of bad assets of the troubled banks, the circular added.
The Bangladesh Bank governor will coordinate the activities of taskforce.
According to the central bank, the taskforce members are -- Lutfey Siddiqi, chief adviser's special envoy for international affairs, Muhammad A (Rumee) Ali, former deputy governor of the Bangladesh Bank; Meheriar M Hasan, chairman of BRAC Bank PLC, Zahid Hussain, former chief economist of the World Bank’s Dhaka office, Prof M Zubaidur Rahman, vice-chancellor of ZNRF University of Management Sciences, and Sabbir Ahmed, Partner at Hoda Vasi Chowdhury & Co’s.
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