No more bank merger proposals for now: BB

Bangladesh Bank has decided to focus on five merger proposals it has already received, rejecting any new proposals for now. The proposed mergers include Sonali Bank acquiring Bangladesh Development Bank, Bangladesh Krishi Bank taking over Rajshahi Krishi Unnayan Bank, City Bank acquiring BASIC Bank, United Commercial Bank buying National Bank, and Exim Bank absorbing Padma Bank. Experts suggest these mergers are not entirely voluntary, as weaker banks are being forced to merge with stronger ones as part of the central bank’s reforms under the IMF’s conditions. (photo/dailystar)