Bb Oppose To Introduce New Banks In Bd

Bangladesh Bank circuit card opposes contrive to open bran- sweet margins The come along of directors of the central bank has opposed a semipolitical science plan to eitherow more banks and financial institutions to come on the scene, aphorism the country does not require any parvenue(a) impostor in its financial regime. During an exclusive conflict with pay subgenus Pastor AMA Muhith on Sunday, the Bangladesh Bank board led by regulator Atiur Rahman expressed their opposition about the plan, said a pay ministry official. Before giving permission to open new banks, the government should conduct a study whether the move is viable, the BB said. The meeting in any case discussed the countrys current economic climate, especially the risks in dealing with the macroeconomic factors in the current fiscal year in dividing line with the new monetary constitution of the central bank. The BB board members embroil a moment of noted economists such as Sanat Kumar Saha, a professor of economics at Chittagong University, Sadiq Ahmed, a former conception Bank high official, Mustafa K Mujeri, director general of Bangladesh land of Development Studies, and a number of government secretaries. Almost all board members said on that point is no logic in includeing opening of any new bank in the country, a board member told The effortless Star, requesting not to be named.

They withal said the number of banks in Bangladesh is too high comp ard to many an(prenominal) other countries. If new banks are allowed to open, a new casing of ill-competition would emerge. Even if new banks survive pe rmission, it would be given on political con! sideration. Besides, the BB entrust not be able to allow approval to set up new banks ignoring political influence, and scrutinising the applications will not be flawless, the board members said. During the meeting, Muhith asked the BB to prepare a name on the countrys overall banking postal service and send it to the finance ministry. Finance ministry officials said the central bank will include in the report a slender study on the banking sphere and also the...If you want to set out a full essay, differentiate it on our website: OrderCustomPaper.com

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