Former Finance Minister Abul Maal Abdul Muhith There are currently 8 banks in the country. Which is more than the economy and population of the country. Therefore, he has given his opinion in favor of breaking up the banks and converting them into 20.
He made the remarks in an interview with a top media outlet in the country on Wednesday (June 12th). He said the paid-up capital of a bank should be increased from Tk 400 crore to Tk 1,000 crore and the number should be brought down to 20 by consolidating the banks.
Abul Maal Abdul Muhith said that besides operating the banking sector in accordance with the law and regulations, banks should not be given too much freedom.
The former finance minister will meet the prime minister on the banking sector, he said, adding, “I will meet the prime minister and give him some advice on the banking sector.” Let him know how to solve this problem.