Photo: Collected
Despite the various initiatives of the Central Bank (Bangladesh Bank), the situation of this sector is gradually deteriorating. According to the Central Bank's Financial Stability Assessment Report released on Monday, the level of risk in the banking sector has increased in September compared to last June.
The number of banks exposed to risk due to defaulted loans, interest rates and exchange rates has also increased during this 3-month period. At the same time the overall capital of the banks has decreased. However, by increasing the credit status, the assets of the banks have increased and defaulted loans are being concentrated. Now more than 45 percent of the total defaulted loans are with the top five banks.
The report also revealed that last June, where defaulted loans increased in four banks, in September it increased to five. Besides, last June one bank was at risk due to interest rate but in September it increased to two. The central bank publishes this report every 3 months. This year's report is for the June-September quarter of last year, which was published after about 7 months.
In transition from the current situation, discipline should be brought in the management of banks. Aggressive banking must be stopped. Managers need to reduce pressure. The central bank needs to take more stringent measures to retain customer confidence. Defaulters can no longer be exempted.
It should be remembered that banks are the lifeblood of the economy. If the banks are weak, the economy will also be weak. Banks are now unable to provide loans as per the demand of the economy due to liquidity crisis. Deposits should be increased to overcome this crisis. Corruption must be prevented. Debt must be collected. Initiatives should be taken to find out the correct account of the money that has been smuggled abroad.
As a result, the dollar crisis in the country will be reduced to some extent. Of course, defaulters cannot be caught without political commitment. According to experts, all those who have embezzled bank money through fraud or forgery in the country are in one way or another under the shadow of the government. They are very influential. So the bank will not be able to catch them unless they get the message from the government. It is desirable that the government takes these issues into account and takes initiative to bring the banking sector back to normal.
Messenger/Fameema
