'87% deposits given to one family': Not all banks will survive, says governor
“Not thinking of approving new digital banks. Instead, we are thinking about how to make MFS interoperable," governor said
The government, despite its ongoing efforts, might not be able to save some of the weak banks, Bangladesh Bank Governor Ahsan H Mansur said today (25 February).
"We are trying to keep the banks alive through good governance. We may not be able to do it all. Not all banks will survive. The chances of some banks surviving are very slim. Because 87% of the deposits of some banks have been given to a family," he said while addressing a session titled "Macroeconomic Policy and Governance in the Banking Sector" on the last day of a two-day workshop on "Recommendations by the Task Force on Re-strategising the Economy" organised by the Centre for Policy Dialogue (CPD) in Dhaka.
Speaking at the event, Mansur also stated that the banking regulator does not plan to issue any new licenses for digital banks.
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The governor said, "At this moment, we are not thinking of approving new digital banks. Instead, we are thinking about how to make MFS interoperable."
He also stated that regulations are being made so that the Financial Institution Department (FID) will not be able to exert any influence on the banking sector.
"The FID will not be able to exert any influence on the banking sector. If they want, they can take care of insurance companies, but not banks."
