Bangladesh, Aug. 23 -- It is good that the incumbent finance minister AHM Mustafa Kamal has felt the necessity of creating a separate High Court (HC) bench to deal with cases pertaining to banks and non-bank financial institutions (NBFIs).
A number of his predecessors did also feel the same way. Even the law ministry, on occasions, had assured the finance ministry of doing the needful. But a dedicated bench to hear cases in relation to bank issues is still not in place.
The importance of having a separate HC bench to hear bank cases is undeniable. In the absence of such a bench, banks do have no options other than waiting for long to get results while delinquent borrowers are enjoying such delays.
That the volume of soured loans of banks...