Dhaka, June 29 -- The government has decided to scrap the contentious Section 18(a) of the Bank Resolution Act, 2026, in a move that effectively blocks former owners of troubled banks from regaining control.

Finance Minister Amir Khosru Mahmud Chowdhury announced the decision while winding up the discussion on the proposed FY2026-27 budget in the Jatiya Sangsad on Monday.

"Based on the opinions of various stakeholders, the government has decided to repeal Section 18(a) of the Bank Resolution Act, 2026," the minister said.

He made it clear that the government's position remains unchanged against those responsible for financial irregularities.

"Our message is clear-those who looted public assets will not be spared. At the same time, dep...