The government plans to ensure risk management, capital adequacy and corporate governance in the banking sector in line with international standards so that financial institutions can become stable and competitive over the long term. At the same time, greater use of technology in the financial sector will be encouraged to promote digital finance, fintech and innovative financial services.

Meanwhile, according to sources at Bangladesh Bank, five Shariah-based banks that fell into crisis due to irregularities and corruption have been merged to form Sammilito Islami Bank. The merged institutions are First Security Islami Bank, Union Bank, Global Islami Bank, Social Islami Bank and EXIM Bank.