Following the mass uprising of July 2024, the interim government announced a reform agenda that placed the banking sector at its core. So far, the interim government has issued only two ordinances related to the banking sector: the Bank Resolution Ordinance, and the Deposit Insurance Ordinance. Officials of Bangladesh Bank privately and publicly acknowledge that, without the necessary legislation, central bank independence remains largely nominal. A draft amendment to the Bangladesh Bank Order, 1972 was sent to the Ministry of Finance nearly four months ago. Bangladesh Bank argues that without these measures, it will be impossible to curb non-performing loans, internal misappropriation, and the dominance of powerful owners.

Source: Dhaka Tribune February 01, 2026 21:33 UTC