Merging of banks new mask of impunity: TIB

Transparency International Bangladesh (TIB) has protested the government’s hasty steps for merging banks, calling it a “new mask of indemnity” in the banking sector. TIB claimed the merger process lacks transparency, burdens healthy banks with defaulted loans, shields those responsible for irregularities, and provides impunity instead of accountability. The anti-corruption watchdog demanded postponing the merger initiatives and reforming policies based on expert opinions and global standards to address the core problems in the banking sector effectively. (photo/prothomalo)