Dhaka, March 15 -- The leak of a secret Bangladesh Bank report on the overall health of each bank operating in the country seems to have set the cat among the pigeons in the industry, precipitating a slew of moves on the part of individual banks, apart from regulatory announcements that seem to go much further than they ever did before.

The central bank's financial stability department recently prepared banks' health index on the basis of June 2023-ending half-yearly financial performance.

The report put nine banks, four state-owned banks among them, in the red zone in terms of their financial health in the June 2023 edition of "Banks Health Index (BHI) and HEAT Map."

The nine banks, the financial health of which was stated to be fragi...