Dhaka, June 29 -- The government will scrap the "controversial" Section 18(A) of the Bank Resolution Act following feedback from stakeholders, Finance Minister Amir Khosru Mahmud Chowdhury has said.

Speaking in parliament on Monday, he said depositors' interest will be protected.

"Our message is clear -- those who looted public assets will not be spared."

The finance minister had presented the proposed Tk 9.38 trillion budget for the 2026-27 fiscal year on Jun 11, setting targets of reducing inflation to 7.5 percent, achieving 6.5 percent GDP growth and increasing revenue collection.

On Monday, he defended those targets.

Addressing concerns over irregularities in the banking and financial sectors and efforts to recover laundered asse...