Dhaka, June 14 -- Bangladesh Association of Banks (BAB) has strongly demanded the swift identification and legal recovery of embezzled and looted funds from the banking sector to protect the interests of ordinary depositors.

Welcoming the proposed national budget for fiscal year 2026-27, the apex body of private commercial bank owners, stated that merely recapitalising weak banks will not make the financial sector sustainable in the long run unless past irregularities and financial plundering are effectively resolved.

Steps underway to resolve Islami Bank crisis, emergency liquidity support to be provided: Governor

Abdul Hai Sarker, Chairman of BAB issued a post-budget statement following the presentation of the national budget in parl...