Banking sector needs drastic reforms to restore trust: BB Governor

Banking sector needs drastic reforms to restore trust: BB Governor

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur has said that the banking sector requires drastic reforms, describing it as the backbone of the financial sector.
Speaking as the chief guest at the Mastercard Excellence Awards 2024 held at a hotel on Saturday evening, the governor acknowledged past irregularities in the sector and the central bank shortcomings in regulatory affairs.
He, however, assured that drastic reforms would be implemented to ensure fairness and restore trust. “Irregularities happened in banks for a long period with state sponsors. It will take time to restore trust in our banking system domestically and globally,” Dr Mansur said.