B Mirror Report: The Alliance of Depositors of Six Non-Bank Financial Institutions (NBFIs) has called for the immediate formulation and implementation of a transparent, time-bound roadmap to ensure the return of deposited funds within the next three to six months.

In a press release issued on Thursday, the committee representing thousands of affected depositors said they have been facing a prolonged financial crisis for nearly seven years.

They attributed the situation to weak management, poor governance, and delayed regulatory intervention in the Non-Bank Financial Institution sector.

The alliance also pointed to what it described as an imbalance in financial sector reforms, noting that while multiple measures and protection mechanisms are being introduced for the banking sector, the NBFI sector remains largely overlooked.

The committee argued that NBFI depositors should be entitled to the same legal safeguards, compensation frameworks, and recovery mechanisms as bank depositors. It further stated that any new ordinances or regulatory reforms in the banking sector should be extended equally to NBFIs.

In its key demands, the committee called for a clear roadmap to recover funds within three to six months, immediate initiation of recovery operations for distressed NBFIs, full transparency and accountability for depositors during liquidation and recovery processes, and strict legal action against individuals involved in financial irregularities and corruption.

The depositors also urged the government, Bangladesh Bank, and relevant authorities to take urgent and decisive measures to restore confidence in the financial sector and ensure justice for those who have lost their savings.

The alliance concluded by stating that it would continue its unified legal and advocacy efforts until full repayment of deposits is secured.