In a recent press conference, Bangladesh Bank Executive Director and Spokesperson Husnay Ara Shikha urged depositors to avoid unnecessary withdrawals, assuring them that their funds remain safe. She highlighted that no bank globally could provide funds if all depositors withdrew at once. Some banks, especially those controlled by the controversial S Alam Group, are struggling to repay depositors due to the withdrawal rush. Shikha emphasized that the central bank is offering liquidity support to some restructured banks.
She also mentioned that the board of directors of 11 banks had been reconstituted since August, and reforms are underway, including three task forces focused on banking reforms, improving workforce efficiency, and recovering laundered money.
Shikha further noted that inflation had decreased from 10.49% in August to 9.92% in September, aided by recent policy rate hikes by Bangladesh Bank. If the trend continues, inflation could fall to around 6% in the next six months.
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