Centre for Policy Dialogue (CPD), criticized the financial oligarchy for using banks as tools to achieve their objectives under a system of crony capitalism in Bangladesh. It was highlighted that non-performing loans (NPLs) have more than tripled over the past decade, increasing from Tk 42,725 crore in fiscal year 2011-12 to Tk 1,45,633 crore in Q2 of FY24. This figure, she noted, would be even higher if loans in specially mentioned accounts, those with court injunctions, and rescheduled loans were included. It was also pointed out that widespread irregularities in the banking sector have led to a loss of public trust, resulting in significant withdrawals from banks. To address these issues, CPD recommended upholding the autonomy of the central bank as outlined in the Bangladesh Bank Amendment Bill 2003.
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