Dhaka, Aug. 10 -- Bangladesh's banking sector has managed to pull back from the brink over the past year, Bangladesh Bank Governor Ahsan H Mansur said on Sunday, crediting a series of measures taken since he assumed office.

Speaking at a seminar titled 'Interim Government's 365 Days' organised by Centre for Policy Dialogue (CPD), the governor said the sector was "right at the edge of the cliff" when the interim government took office in August last year.

"Our two main challenges were to stabilise the macroeconomy and reform the financial sector. Reforms cannot be done in a year, but we have started them in every area," Mansur said.

Upon taking charge, he held meetings with international financial institutions to maintain lines of credi...