Dhaka, Sept. 3 -- Two banks have so far said they are willing to accept the mergers and acquisitions (M&A) bailout but EXIM Bank disagrees to espouse such a sink-or-swim revival recipe launched by the regulator for banking-sector overhaul.

The crisis-ridden First Security Islami Bank (FSIB) accepted Tuesday the merger option rolled out by the central bank, while Union Bank agreed to the revival plan on Wednesday, officials said.

Instead of welcoming the M&A move, the Export Import (EXIM) Bank of Bangladesh presented a turnaround roadmap in a meeting with Bangladesh Bank Governor Dr Ahsan H. Mansur and his deputies at the BB headquarters on Wednesday.

The central bank governor joined the meeting virtually with the bank's board-of-direct...