The Deposit Protection Act will also be amended. Through this, the level of protection of the depositors will be further increased, said the financial sector regulatory body Bangladesh Bank.
The Central Bank said that if the Deposit Protection Act is finalized, 95 percent of the depositors of the banking sector will be protected.
On the other hand, Bangladesh Bank Governor Ahsan H Mansoor assured that 100% investors will be protected.
Central bank officials said, we are working on behalf of the depositors. That is why I went to reform the banks. The board has been constituted with people who understand the banking sector.
Liquidity facility is provided to depositors to return money on demand. Bangladesh Bank also said that arrangements have been made to borrow through other banks without printing new money.
Bangladesh Bank believes that depositors’ money is completely safe.
Meanwhile, Bangladesh Bank Governor Ahsan H Mansoor said that all depositors should be patient.
