Bangladesh, Aug. 10 -- Bangladesh's banking sector has expanded considerably since its independence in 1971.

There are currently over 60 scheduled banks operating in the country including state-owned commercial banks, private commercial banks, and foreign banks.

Mobile and agent banking have also made impressive progress in bringing financial services to rural and underbanked populations, contributing to greater financial inclusion.

The banking sector in Bangladesh is currently facing significant challenges, including a high volume of non-performing loans (NPLs), a liquidity crisis, and concerns about financial mismanagement and corruption.

Despite efforts to address these issues, the sector continues to grapple with these problems, ...