Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Saturday, January 13, 2018 10:48:08 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

2017 was a year of banking scam: CPD

photo by

Share your thought
Post a comment »
Read all () »

Staff Reporter :
Center for Policy Dialogue's (CPD) distinguished fellow Debapriya Bhattacharya said the year 2017 will be remembered as the year of bank scam in Bangladesh.
It seems, he added, the incidents of corruption and mismanagement in the banking sector will not be settled in the current year.
The gloomy picture in the banking sector shows the government was not serious to carry out reforms in the sector unlike the pledges it made to the people.
Debapriya Bhattacharya came up with the observations at a function of presenting CPD's economic analysis for 2017-18. CPD research fellow Towfiqul Islam Khan presented last  year's first analysis at CIRDAP auditorium on Saturday.
CPD makes economic analysis of the state of economy twice or thrice a year.
The issues of banking sector, Rohingya and floods were specially discussed at the function. Another distinguished fellow Mustafizur Rahman, CPD executive director Fahmida Khatun and research director Khondaker Golam Moazzem also spoke.
Debapriya Bhattacharya said, "The country's macroeconomic situation has been weaker. The economy is under pressure. The commitment we made to bring reforms to face the challenges has not been brought forth, rather it has gone backward. The situation of banking sector is a terrible example of it." Debapriya Bhattacharya said, loan defaults, outstanding loan and shrinking savings had all aggravated in 2017. Tax payers' money was given to meet the capital shortfall of state-owned banks. Besides, ownerships of different private banks have been changed.
Several new banks allowed to operate on political consideration could not function effectively, he pointed out.
The incidents of siphoning off money through some private sector bank are common.
He said, instead of taking any preventive measure, the government has amended the banking company act to allow family members to control banks.

Add Rate

News Archive

Inside The New Nation

Editorial »

Economy to come under more stress

THE World Bank has retained economic growth projections for Bangladesh at 6.4 per cent for the current fiscal year 2017-2018, much lower than the government's target, forecasting some risks including declines relating to upcoming elections and weak tax revenues. The global lender made the projection in its flagship report titled ...

Editorial »

Avoid savings tools as prime borrowing source

SAVERS' appetite for high-yielding schemes shows no sign of fading as net sales of savings certificates rose 4.19 percent year-on-year basis in the first five months of the fiscal year. A national daily reported that in the July-November period, the government's borrowing through the savings instruments was more than 70 ...

Entertainment »

Kazi Soma busy with stage shows

Entertainment Report :Kazi Soma started her music career inspired by watching rendition of legendary singer of the Subcontinent Runa Laila. To pay respect to her, Soma has established her career in the field of music. Day by day number of her stage performances is being increased. To perform here and ...

City »

Jatiya Ganotantrik Mancha formed a human chain in front of the Jatiya Press Club on Friday demanding withdrawal of false cases filed against BNP Chairperson Begum Khaleda Zia and her son Tarique Rahman.


Sports »

Messi stars with brace as Barcelona cruise past Celta Vigo

Agency :Lionel Messi scored twice as holders Barcelona cruised into the quarterfinals of the Copa del Rey with a 5-0 victory over Celta Vigo at the Camp Nou on Thursday night.The tie was delicately poised at 1-1 after a first leg in which Celta played extremely well against, admittedly, an ...

International »

Merkel`s conservatives, SPD agree German coalition blueprint

Reuters, Berlin :German Chancellor Angela Merkel's conservatives and the Social Democrats (SPD) agreed after all-night talks on Friday to a blueprint for formal coalition negotiations, party sources said, raising prospects of an end to months of political uncertainty.The agreement between party and parliamentary leaders should pave the way for detailed ...

International »

For Russia probe, US Congress will interview Bannon next week

Reuters, Washington :President Donald Trump's former chief strategist Steve Bannon will be interviewed next week by a U.S. House of Representatives committee investigating alleged Russian interference in the 2016 U.S. election, a person familiar with the matter said on Thursday.The interview on Tuesday will focus on Mr Bannon's time on ...

Business & Economy »

Almas Kabir made BASIS President

Business Desk :Syed Almas Kabir, Chief Executive Officer of MetroNet Bangladesh Limited, is serving as a Director of Bangladesh Association of Software and Information Services (BASIS), the largest national trade body for IT and ITES industry of the country, says a press release.He has been associated with the ICT industry ...

International »

Merkel sees `tough day` in crunch German coalition talks

Reuters, Berlin :Chancellor Angela Merkel said her conservatives still had high hurdles to clear in Thursday's talks on forming a coalition with Social Democrats (SPD) pressing for accelerated European integration.Merkel, weakened by an election setback in September, turned to the left-leaning SPD to seek a re-run of their so-called "grand ...

Editorial »

Increasing living cost: Govt busy with mega projects

WHILE the cost of living for millions of Dhaka residents keeps going higher with little to no change in their income, the situation is not as bleak for many. The lucky few are government staff who, with the full implementation of the eighth national pay scale, saw their salaries go ...

City »

BNP Chairperson Begum Khaleda Zia appeared before the special court on two corruption cases filed by Anti-Corruption Commission on Bakshibazar Alia Madrasha premises in the city on Thursday.

Entertainment »

Tareen under Selim`s direction after two years

Entertainment Report :After a break of two years, popular TV actress Tareen acted in a telefilm under noted actor-director Shahiduzzaman Selim's direction. Tareen acted in a telefilm titled 'Shwapod' based on a foreign adapted story. Recently its shooting has been finished in the city's Uttara area.While talking about the telefilm ...

International »

Mudslides and flooding kill at least 13 in California

Reuters, Los Angeles :At least 13 people died and thousands fled from their homes in Southern California on Tuesday as a powerful rainstorm triggered flash floods and mudslides on slopes where a series of intense wildfires burned off protective vegetation last month.Heavy downpours struck before dawn on Tuesday after thousands ...

Editorial »

Effective gold import policy needed

THE price of gold has raised up to Tk 1,400 a bhori [11.664 gm] in the local market from Wednesday crossing the Tk 50,000 mark again within a span of only a few months. According to the newspaper reports, under the new price set up, a bhori of 22-karat gold ...

Sports »

Nadim Molla (left) of Narayanganj District and Disha Sultana of Manikganj District, the fastest man and fastest woman of the Dhaka Divisional phase of the Bangladesh Youth Games showing their medals at the Bangabandhu National Stadium on Wednesday.

Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Write a comment to this news