Prof AAMS Arefin Siddique, Former Vice-Chancellor, Dhaka University
Prof AAMS Arefin Siddique, Former Vice-Chancellor, Dhaka University : The government needs to have a close look on the country’s banking sector. The banks have to be brought under a unified policy.
Increasing loan default coupled with loan scams is pushing the sector towards a crisis. Even the investors are feeling insecure over the issue. Those interested in investment and establish industries taking loan from banks are in an instable situation.
This situation needs to be fixed for the sake of the country’s banking sector. The sector cannot get destroyed in a country of 16 crore people. Our finance ministry has to keep an eye on the sector and take control over it, which is most important now. Those who are both directly and indirectly involved in looting in the banking sector have to be given exemplary punishment so such kind of incident does not repeat.
Based on an interview by Mahbubul Islam, translated by Sayeed Muhammad