Dhaka: The central bank of Bangladesh has formed a task force aimed at reforming the struggling banking sector in the South Asian country.The Bangladesh Bank (BB) on Wednesday issued a notification regarding the formation of a six-member task force for ensuring financial stability in the banking sector.According to a BB statement, the task force will mainly assess the current financial situation of the banking sector and estimate the amount of distressed assets.The task force will also identify major risks, review the financial indicators of underperforming banks, and assess the actual condition of loans, provision deficits, net capital, the true value of assets, and the overall liquidity situation, the statement said.At least 10 commercial banks in Bangladesh are close to bankruptcy, Central Bank Governor Ahsan Mansur told media on Sept. 8.He said the BB was working to save the banks by providing them with technical, advisory and liquidity support.Source: The Namibia News Agency
Home » Bangladesh forms task force to overhaul struggling banking sector
Bangladesh forms task force to overhaul struggling banking sector
Cetegories
Health Ministry to Boost Mental Health Budget Over Next Decade
October 10, 2026
Eco-Village Housing Project Unveiled in Epukiro
October 10, 2026
Man Found Dead After Dispute with Girlfriend
October 10, 2026
Twenty-One Families Receive New Homes at Katjinakatji Growth Point
October 10, 2026
Kunene Regional Mining Summit Calls for Coordinated Action
October 10, 2026