Dhaka, Jan. 22 -- Shamsul Huq Zahid, Editor and CEO of The Financial Express, on Saturday emphasised the urgent need to stabilise the country's banking sector to support economic recovery and put growth back on an upward trajectory.

Speaking at the MTB-FE roundtable titled "Banking Sector Reforms" at Six Seasons in Dhaka city, organised by The Financial Express, he said reforms are often talked about when things go wrong, but are usually avoided as they tend to be painful. However, given the current condition of the banking sector, he noted that comprehensive reforms have now become unavoidable.

Mr Zahid said that although problems in the sector had long been suspected, the true picture remained concealed as some banks resorted to manip...