Dhaka, April 14 -- minute amendment to the 'Bank Resolution Bill' has exploded a firestorm of controversy within Bangladesh's banking sector and among economists.

Critics and analysts warn that the new provision could pave the way for disgraced former owners-those responsible for plunging banks into crisis-to reclaim control of their institutions for a nominal down payment.

Economists and banking sector insiders have warned that at the domestic and international level, it would be a bad signal in banks and financial sector reforms activities, which is expected by the IMF and World Bank.

'Bank Resolution Act' facilitates corruption and moves to rehabilitate bank looters: TIB

The center of the storm is Section 18(A), a clause reportedly...