Dhaka, April 10 -- Amid a merger spree of banks in Bangladesh, discussions over the marriage of troubled National Bank with another one have begun more than four decades after it burst onto the scene.

Bangladesh Bank has reportedly begun mediation between National Bank Limited or NBL, the first Bangladeshi private bank founded by a set of entirely local sponsor directors in 1983, and United Commercial Bank Limited or UCB, another bank formed the same year.

Governor Abdur Rauf Taulkder held a meeting with the chairmen, CEOs and directors of the two banks on Tuesday.

"The banks are in discussions. They are evaluating the situation. Nothing has been concluded at the moment. Bangladesh Bank will make a formal announcement when everything i...