Save the banking sector

Stakeholders of the banking sector of the country are concerned with its current state.

It is understood that some unscrupulous and inefficient bankers are approving big loans to known loan defaulters and some unknown conglomerates. When most of these loans are not repaid in full, they become 'bad loans'. Such bad or non-performing loans are weighing down on the entire banking sector.

Sometimes, it has been seen that the board of directors of some of these banks knew the person who was provided the loan. But this is not the way to approve loans.

There are allegations about lax monitoring by some officials of the central bank. The central bank should strictly monitor the activities of all the banks.

Md Mojammal Hoque,

Chattogram.

mojammalftc@gmail.com