Financial Reforms in the Banking Sector of Bangladesh- An Evaluative Study

Abstract

The aim of this study is to summarize the major reforms undertaken in the banking industry of Bangladesh from 1971 to 2015. The Financial Sector Reform is a continuous process. It comprises policy reforms and basic institutional changes in the status and their respective goals. Although Bangladesh became independent in 1971, the financial reform process in our economy started since early 80s with privatization of NCBs and allowing private sector banks and major changes have been brought about in policy areas with our own initiative and also under the surveillance and supervisory guidance of IMF and World Bank. The study suggests some policy implication like Implementing Basel III, Ensuring the optimum utilization of fund, Keeping additional capital and the like.