'Banking sector has been turned into orphan'

The Center for Policy Dialogue (CPD), a private research organization, believes that the country's banking sector has become crippled. At the same time, this pillar of financial sector has become orphaned, it seems that this research firm has become orphaned.

In a media briefing organized at the CIRDAP auditorium in the capital on Tuesday, the recommendations of the CPD on behalf of the CPD said, Debapriya Bhattacharya

Referring to the declaration of monetary policy, Debapriya said, "With the lack of liquidity deficit, the government tried to increase the flow of currency by reducing the CRR within weeks of declaration of monetary policy. Actually the liquidity deficit is a disease symptom, it does not have any disease. The disease is that you (the government) created a crippling banking system.

He said, "In the beginning of last year about the banking system, we had told the year of banking scandal in the year 2017. Now we think the banking sector has become orphaned. The guardians are now torturing the child, the orphan. Those who were supposed to protect it, they are doing various tasks in the face of various pressure.

Debapriya said, "There is a need to remain monetary in the monetary policy and banking sector. Similarly, there is a need to stay in the currency exchange rate. You make it dynamic and stable. Dollar prices will increase in exchange rate. But there is a need to increase the stocks so that they do not incur import expenditure. Interest rates, exchange rates, and the flow of credit should be kept in reserve '.