Dhaka, Jan. 16 -- Bangladesh Bank governor Dr Ahsan H Mansur has said the proposed legal changes are vital for enforcing governance in the banking sector through management streamlining, and expects government approval shortly.

The proposed amendment to the existing Bank Company Act passed through the ministry concerned, he told journalists Thursday, on a note of optimism that it might get government's seal of approval within this month.

"It's now under the government consideration. We expect the government will take decision regarding the matter within this month," the BB governor told the reporters in an emergency press briefing meant to dispel any confusion.

Once the amendment is passed, he said, there will be some massive change in...