Salehuddin Ahmed Criticizes All the Major Policies & Conventional Vision of Current ‘Massacred’ Banking System
Reported by: Jafar Ahmad
Written by: Eshan Maitra
Former Bangladesh Bank Governor Dr. Salehuddin Ahmed shared his deep concern & insights about current banking sector. In a recent interview with the Amader Orthoneeti.Dr. Salehuddin criticized the current authorities for giving too many opportunities to save ‘massacred’ banking sector. During his time, only 3-term rescheduling was allowed. But, it was done over 4 times after 2014 election. On top of it, 500 crores taka was given for restructure purposes. Even, government leased 124 thousand crores taka for banks, in the budget this year. Rather, these banks should have been handed to private sector. Also, the government banks should follow ‘Narrow Banking’ strategy, in such dire times. Only to give the exact amount of loan from the default recovery, and avoid any risky loans, he suggested to bankers. Governmental banks were established for mandatory purposes. Shonali Bank still serves as the government treasury. But, because of political ill-influence, corruption & few wrong policies is ruining this public organizations. Unfortunately, most of these culprits never get punished & get fired.He also advised the bankers to find and support new honest & legitimate start-ups. That, bankers should change their conventional mentality & become more businesses friendly.Salehuddin also talked about the money-transferring options via mobile phones. He specifically mentioned that, such services can never be alternative of banking. Mobile & online banking is always less efficient & reliable than true banking services.