Dhaka, Dec. 18 -- Bangladesh Bank Governor Ahsan H Mansur has announced an initiative to verify all loans exceeding $200 million as part of efforts to "restore governance and public confidence" in the banking sector.

Speaking at a seminar in Dhaka on Thursday, he said the banking sector is "gradually improving" from difficult times.

"We have maintained public trust, and the world is surprised that Bangladesh's banking system is functioning. To ensure good governance and restore customer confidence, we will regularly review whether these large loans have landed correctly."

Published by HT Digital Content Services with permission from Bdnews24....