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FBCCI urges BB for restoring discipline in banking sector

The leaders of Federation of Bangladesh Chambers

of Commerce and Industry (FBCCI) today urged the central bank Governor to

take effective steps for restoring discipline in the banking sector, curbing

inflation and boosting inward remittance and foreign currency reserve.

The FBCCI delegation, headed by its President Mahbubul Alam, made the request

at a courtesy call on Bangladesh Bank Governor Dr Ahsan H Mansur held at the

latter’s office today.

Deputy Governor Nurun Nahar and other senior officials were present on the

occasion.

At the very outset of the meeting, the FBCCI president congratulated Dr

Mansur for assumption of his office as the 13th central bank Governor.

He hoped that the Bangladesh Bank under the strong leadership of the new

Governor would play a strong role in restoring discipline in the banking

sector including curbing inflation, boosting inward remittance flow and

reserve and thus build an investment-friendly Bangladesh.

Besides, the chief of the country’s apex trade body also
welcomed the move

for forming Banking Commission for bringing reforms and restoring discipline

in the banking sector.

Mahbubul said that if the proposed Banking Commission is formed and becomes

effective, then discipline would be restored in the financial sector while

the country’s trade, commerce and economy would stand on a solid foundation.

In order to the expedite the pace of country’s economy, he suggested for

keeping stable the interest rates of bank loans, supplying necessary foreign

currency to keep normal the import and export operations, providing support

to the SMEs and affected industries, increasing the amount of Export

Development Fund (EDF) and enhancing the timeframe for repayment of

installments of unpaid loans to six months from three months.

The FBCCI delegation include former presidents MA Kashem, Abdul Awal Mintoo,

M Jashim Uddin, senior vice president M Amin Helali, vice president M Munir

Hossain, DCCI president Ashraf Ahmed, MCCI president Kamran T Rahman, BGMEA

acting pr
esident Khandaker Rafiqul Islam, BTMA president Shawkat Aziz Russel,

BKMEA executive president Mohammad Hatem, BTMA vice president Mohammad Faizur

Rahman Bhuiyan, BARVIDA president M Habib Ullah Dawn.

Source: Bangladesh Sangbad Sangstha