TDS Desk:

Reforms have already begun in the banking sector and the situation is improving fast, said Bangladesh Bank Governor Ahsan H Mansur.

In a text message sent to citizens Thursday on (September 12) the governor said, “Keep faith in us and carry out regular banking activities.”

Following the fall of the Awami Leagu- led government, there has been a reshuffle in all sectors, including the banking sector. Boards of different banks have been dissolved while action is being taken against those who carried out widespread corruption.

The Bangladesh Bank has formed a six-member taskforce to conduct reform works in the banking sector. This taskforce will assess the current financial situation, distressed assets and major risks in the banking sector, the central bank said in a circular issued yesterday.

It will also review the financial indicators of weak banks, liquidity situation; assess the actual condition of loans, provision deficit, net capital, and actual value of assets of the banks, added the circular.