The Bangladesh Association of Banks (BAB), the private bank owners’ forum, will work with the central bank governor and the finance adviser to rejuvenate the banking sector, weakened under 15 years of Awami League rule, said its new chairman Abdul Hai Sarker.

The Bangladesh Association of Banks (BAB), an organisation of private bank sponsors, today requested the central bank to extend the deadline for implementation of its instructions that have fixed the salary of entry-level private bank officials.

The owners of private commercial banks have decided to bring down the lending rate at 9 per cent and deposit rate at 6 per cent from next month.

Prime Minister Sheikh Hasina yesterday asked bankers to bring down the interest rates of loan to a single digit to boost investment in the country.