Bangladesh Bank Governor Dr. Ahsan H. Mansur has said that the survival chances of some banks in the country’s banking sector have become very slim. He said that the central bank is trying to ensure good governance of banks, but not all banks can be expected to survive successfully. Some banks have created a situation where 87 percent of their deposits have gone to a single family or group. This is creating a big risk for the banking sector.

He said this while addressing the ‘Macro-Economic Policy and Governance in the Banking Sector’ session as the chief guest on the second day of the two-day conference titled ‘Task Force Recommendations on Economic Restructuring’ organized by the Center for Policy Dialogue (CPD) in the capital Dhaka on February 25.

The governor also mentioned that there is currently no plan to approve new digital banks. However, attention is being paid to creating opportunities for interoperability within the MFS (Mobile Financial Services) system. He also mentioned the formulation of new policies in the banking sector, saying that the Financial Institutions Department (FID) will not be able to exert any influence in the banking sector in the future, but they will be able to take on the responsibility of managing insurance companies.

The governor commented that such strict steps and formulation of policies are essential to establish good governance and ensure proper management in the banking sector.