Dhaka, July 28 -- Bangladesh's banking sector is now witnessing a reversal in deposit growth, as total deposits shrink in the wake of widespread corruption and soaring loan defaults in several banks, according to the latest report from the Bangladesh Bank. The report says the total amount of deposits in the banking sector stood at Tk 20.18 lakh crore at the end of May 2025. Public anxiety over potential bank mergers and a history of financial irregularities and loan scams have prompted depositors to withdraw funds, causing deposit growth to fall below 9 percent, said banking sector experts. While this represents an 8.74 percent increase compared to the same period last year, the growth rate has been consistently declining since March, whe...