Will the irregularities and corruption in the banking sector merge too?

Bangladesh Bank has decided to merge several weak banks with stronger ones to reform the banking sector. However, experts are skeptical, as the mergers do not address the root causes of the banking crisis – loan defaults, fraud, and lack of accountability. The guidelines also provide leniency to the owners and directors responsible for the banks’ weaknesses, allowing them to return to the boards after mergers. Experts warn that simply merging the banks may worsen the situation without first addressing the systemic issues. (photo/prothomalo)