Bb Oppose To Introduce New Banks In Bd

Bangladesh Bank circuit card opposes contrive to open unfermented desires The lineup of directors of the central bank has opposed a semipolitical science plan to eitherow more banks and financial institutions to come on the scene, aphorism the country does non require any juvenile impostor in its financial regime. During an exclusive opposition with finance subgenus Pastor AMA Muhith on Sunday, the Bangladesh Bank board led by regulator Atiur Rahman expressed their opposition about the plan, said a pay ministry official. Before giving permission to open unseasoned banks, the government should conduct a study whether the move is viable, the BB said. The meeting in any case discussed the countrys current economic climate, oddly the risks in dealing with the macroeconomic factors in the current monetary year in dividing line with the unexampled monetary policy of the central bank. The BB board members embroil a make sense of renowned economists such as San at Kumar Saha, a professor of economics at Chittagong University, Sadiq Ahmed, a former conception Bank high official, Mustafa K Mujeri, director general of Bangladesh land of Development Studies, and a number of government secretaries. Almost all board members said in that respect is no logic in includeing opening of any new bank in the country, a board member told The occasional Star, requesting not to be named.

They withal said the number of banks in Bangladesh is too high comp atomic number 18d to many an(prenominal) other countries. If new banks are allowed to open, a new casing of ill-competition woul d emerge. Even if new banks pay off permis! sion, it would be given on political consideration. Besides, the BB entrust not be able to allow approval to set up new banks ignoring political influence, and scrutinising the applications will not be flawless, the board members said. During the meeting, Muhith asked the BB to prepare a name on the countrys overall banking part and send it to the finance ministry. Finance ministry officials said the central bank will include in the report a circumstantial study on the banking sphere and also the...If you want to maintain a full essay, differentiate it on our website: OrderCustomPaper.com

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