Broad reform agenda vital to restore trust in banks: CPD

The Centre for Policy Dialogue (CPD) urged the government to reduce bad loans and establish good governance in the banking sector. It recommended devising a comprehensive reform agenda, strengthening commercial banks, upholding Bangladesh Bank’s independence, creating a conducive legal environment, and setting up a banking commission. The think-tank highlighted the alarming rise in non-performing loans (NPLs) in both state-run and private banks over the past decade, eroding public trust in the sector.