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The Financial Express
Swasti Lankabangla Swasti Lankabangla

PM hints at merger of weak banks

| Updated: September 21, 2020 10:40:00


-PID Photo -PID Photo

Prime Minister Sheikh Hasina has hinted that the banks, which are not functioning properly, would be merged following proper assessments.

“There are some banks that become very weak. In many cases, merging is essential. In that case, it’ll have to be considered which bank is functioning properly or not. It’ll be done considering these things,” the Prime Minister said on Sunday.

“Keep trust (on government) that nothing will be done without consideration (assessment),” she said.

Sheikh Hasina came up with statement while receiving donation of Tk 1.66 billion for the PM’s Relief and Welfare Fund from over 40 organisations, reports UNB.

Sheikh Hasina said her government had taken the decision to permit banks in the private sector and it gave the permission to the highest number of the private banks, which created huge employments and expanded trade and business.

She said her government had taken measures to make the people habituated to the banking system up to the rural level so that they can make transactions using the banking channels.

In this context, the Prime Minister mentioned that her government created scope for the farmers to open a bank account with Tk 10.

 “So, we want that the banks will run properly … We always consider all of your logical demands that you bring (before me),” she said.

Noting that the government will definitely consider whether there is any problem in running the banks, she asked the BAB and the authorities of the banks to pay special attention so that the banks could function in proper manner.

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