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Financial Sector of Bangladesh

In: Numbers and Narratives in Bangladesh's Economic Development

Author

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  • Rashed Al Mahmud Titumir

    (University of Dhaka)

Abstract

This chapter presents different indices to measure the health of the financial sector of the economy and underscores that the increasing non-performing loans and toxic assets in banking sector and the frequent scams in capital market exhibit a vicious cycle. Instead of enforcing legal remedies against the defaulters, the government is offering plethora of facilities in favour of the politically patronised resource dependent clienteles. Besides, the excessive borrowing by the government from domestic sources to finance the so-called mega-projects and repay the loans, in the backdrop of a very low tax-GDP ratio, has pushed the banking sector to a crisis of liquidity. The prevalent politically directed regulatory lax and discrepancies have caused malediction of volatility in the financial sector. The chapter also endeavours a comparative analysis with other developed and developing economies.

Suggested Citation

  • Rashed Al Mahmud Titumir, 2021. "Financial Sector of Bangladesh," Springer Books, in: Numbers and Narratives in Bangladesh's Economic Development, chapter 0, pages 97-130, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-0658-8_4
    DOI: 10.1007/978-981-16-0658-8_4
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