The Governor of Bangladesh Bank has announced that liquidity assistance will be given to the weak banks of the country even if money is printed to restore the confidence of the customers. Ahsan H. Mansoor. He said that banks have already been given assistance of Tk 22,500 crore and more assistance will be given if necessary. He assured that from next Sunday, customers will not go back without getting money from the bank.
The Governor of Bangladesh Bank said these things in a press conference on Thursday. He requested customers to withdraw as much money as they needed.
The governor said, 'I said I would not print money, but now I have temporarily withdrawn. Does not the condition of people change? But we will bring back that money through bond issue. However, the monitoring policy will remain as tight as before. There is no net money creation here. On the one hand aid is being given, on the other hand it will be withdrawn through bonds. This support will be provided according to the needs of the customer. I have to protect both depositors and inflation.'
Earlier, aid was given by printing money, and it is still being given – when asked about the difference between the two, the governor said, 'money is no longer being stolen from the bank. After giving assistance by printing money earlier, the money went out. But now accountability is being ensured.'
In response to S Alam's statement, the governor said, 'I have no comment on what he said. However, action will be taken against all criminals as per law.'
The governor said, “I will leave the job if someone pressures me.” I will not tolerate anything.'
Bangladesh Bank Governor also said, 'There is a need to take action against those who were involved in irregularities, but we do not have time to look back now. I will not take any action myself unless I receive a specific complaint. There are factions here. Red, blue work for the central bank without representing the party.
Regarding the amount of non-performing loans in the banking sector currently amounting to Tk 2 lakh 85 thousand crores, he said, 'I have no desire to reduce the non-performing loans. Maybe in future loan defaults can go up to 25 percent. But no information will be hidden. Not all images have come out yet. Working again with data. However, necessary action will be taken based on correct information.'
He also said, 'What has gone wrong in the banking sector has already happened. But proper accounting was lacking, we are trying to correct that. Discipline will not come to banks if action is not taken as per law. There were many laws but they were not implemented, we want to implement them now.'
Regarding irregularities in government banks, he said, 'We supervise, but basically the government sees it. But we will advise.'
On the issue of defaulted loans, he said, 'I will not cover up irregularities, defaulted loans will be disclosed. There is no privacy issue. As far as defaulted loans are concerned, there is no problem even if it is 12 percent to 25 percent. We aim to reduce from there.'
Regarding the deputy governor's resignation, he said, 'I am looking into the matter. I will do what is good, but not influenced by anyone.'
He said, “If any official is involved in bribery or irregularities, action will be taken if there is a specific complaint.”
