In order to reform the banking sector of Bangladesh , the process of merging weak banks with strong banks is underway. After Exim and Padma, six more banks are going to be included in that process.
The top officials of the respective banks held a meeting with the central bank officials on Monday.
Bangladesh Bank’s decision to merge Bangladesh Development Bank with state-owned Sonali Bank and Rajshahi Agricultural Development Bank with Krishi Bank has been reported in the local media. Government-run Basic Bank is also in talks to merge with private The City Bank.
Bangladesh Bank officials hope that through this it will be possible to overcome the fragile condition of weak banks.
