“The central bank has approved the new banks because it thinks that it is necessary,” the minister told reporters at the Secretariat on Monday. The minister said that if the quality of service was good, then he was not concerned about the number of banks. In 2012, twelve private banks were given licences based on ‘political considerations’ by the Awami League, which drew criticism from different quarters. Despite these anomalies, the central bank issued licences to some banks, giving in political pressure last year. The ruling Awami League is involved with the entrepreneurs of the new three banks.
Source: bd News24 February 18, 2019 10:52 UTC