Depositors urge Bangladesh bank to return stuck NBFI savings

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Depositors urge Bangladesh bank to return stuck NBFI savings

B Mirror Report: Depositors affected by six troubled non-bank financial institutions (NBFIs) under liquidation have submitted a memorandum to Bangladesh Bank Governor seeking the quick return of their frozen savings.

The memorandum was submitted on Wednesday by the platform “Alliance of 6 NBFI Depositor Recovery,” which said more than 12,000 depositors have been suffering from financial uncertainty and humanitarian distress for the past seven years.

In the memorandum, the depositors claimed that many victims have been unable to afford treatment for serious illnesses, including cancer, kidney disease and heart conditions, due to their blocked funds. They also alleged that several depositors have already died after failing to receive proper medical treatment because of financial hardship.

The group said Bangladesh Bank, as the regulator of the country’s banking and financial sector, has a responsibility to protect public deposits and should take immediate action.

The depositors placed three key demands in the memorandum: announcing a clear and realistic roadmap by July 2026 for repayment of deposits, ensuring priority repayment for affected individual depositors, and arranging a meeting between the governor and representatives of the depositors.

The memorandum was signed by Jafar Ullah Khan on behalf of the affected depositors, who urged the central bank to take swift and effective measures.

 

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