Dhaka, Sept. 29 -- The government has approved a Tk 1,276.30 crore project to strengthen Bangladesh Bank's supervision of banks through upgraded digital systems, improve financial-sector safeguards and support reforms aimed at addressing non-performing loans, capital shortages and other systemic risks.

The Financial Sector Support Project-II (FSSP-II), to be implemented by Bangladesh Bank under the Financial Institutions Division of the Ministry of Finance, will run from July 2026 to June 2031.

The approval was given at an ECNEC meeting held at the Cabinet Room of Secretariat with Prime Minister and ECNEC Chairperson Tarique Rahman in the chair on Tuesday.

Of the total project cost, Tk 1,261.54 crore will come from the World Bank's Int...