Dhaka, April 23 -- Transparency International Bangladesh (TIB) in statement on Tuesday said the arbitrary announcement of certain bank mergers, coupled with concerns among well-performing banks involved in the process and unwillingness of some underperforming banks, has worsened anxiety, unrest, and uncertainty within the banking sector.

The TIB believes that such instances have cast doubts over the entire process even before it started.

"The central bank has initiated steps to merge underperforming banks with stronger counterparts in order to save weak banks in the sector, which is supposed to be considered as being in line with global practices related to tackling crisis in the financial sector," TIB opined.

However, global standards...