Despite economic progress over time, Bangladesh’s financial sector continues to be dominated by banks that stand on shaky ground.

The new governor of Bangladesh Bank (BB) has heralded robust messages to the country’s banking and financial industry.

A high risk of cyber-attacks looms large over 36 per cent of banks in Bangladesh mainly due to a shortage of investment in strengthening security measures, skilled personnel and a lack of awareness among bankers and customers.

The Supreme Court expresses concern at the present situation of the country's banking sector, and wants to know the financial state of International Leasing and Financial Services Limited (ILFSL), a non-banking financial institution.

The government is going to exceed its annual limit for bank borrowing within the first half of this fiscal year due to poor revenue collection, and this could give a credit crunch for the private sector to deal with.

The actual size of bad loans is more than double the officially recognised figure, according to a recent report of the International Monetary Fund -- a damning evidence of the fragile state of Bangladesh’s banking sector.

Finance Minister AHM Mustafa Kamal has suggested a number of reforms to bring back discipline in the banking sector.

Bangladesh's banking sector faces a number of major challenges including rising nonperforming loans, credit concentrations, poor

That the banking sector in this country is plagued by a culture of loan defaulting is not lost on anyone—as of last year, the total amount of defaulted loans stood at Tk 93,911 crore.

The finance minister recently told the chairpersons and directors of state-owned banks that those who highlight the sorry state of the banking sector—the culture of loan default, the flouting of set banking norms, etc—are all uninformed. Such a remark coming from him is disappointing, given the fragile state of the banking sector as a whole.

A slight mistrust has been created among the people over the country’s banking sector in recent time, which is an “ominous sign” for the banks, Bangladesh Bank Governor Fazle Kabir says.

Nothing budges Finance Minister AMA Muhith after yesterday’s spree of attacks as he kept from commenting over the banking sector at parliament today.

Bangladesh will need to boost productive investment by addressing infrastructure bottlenecks and strengthening the banking sector to keep ongoing momentum unhurt, the IMF said in its annual assessment of the economy.

The banking sector, which is currently going through choppy waters thanks to rising loan irregularities and deteriorating corporate