Dhaka, March 4 -- Key shareholders of commercial banks agree in principle on proposed mergers and acquisitions for bail-in of weak banks under government's decisive financial-sector reform recipe, but on a note of concern.

The latest developments on Bangladesh's banking front came when the owners of bank Monday met with Bangladesh Bank governor Abdur Rouf Talukder for a clear vision of such amalgamation move.

The banks' biggies, visibly panicked by possible mergers between weak and stronger banks, placed their concern that it could badly harm the financial fundamentals of the comparatively well-performing banks, according to the meeting sources.

They also wanted to know the criteria and process regarding the mergers and acquisitions of...