An ‘imposed’ merger of the scam-hit BASIC Bank with the Bangladesh Development Bank Limited (BDBL) is unlikely to yield any tangible result, experts have said.
They expressed scepticism about fruitful outcome of such a move and demanded stern actions against the key suspects of the BASIC’s loan scams.
The merger initiative must be preceded by serious actions against the ‘real’ culprits who ruined a state-owned bank that once was seen as a role model in the banking business.
The punishment would help build depositors’ confidence, which is essential for sustainability of any financial institution, they viewed.
The experts said despite being a better performing bank the BDBL is not strong enough to shoulder the burden such as the BASIC Bank. “It will just crumble’, they felt.
The financial sector experts made the observations following a…