Bangladesh Bank Governor Ahsan H. Mansur stated that the country’s current 61 banks far exceed its actual needs, suggesting that 10 to 15 banks would be sufficient. He made the remarks on Wednesday at Jagannath University during a discussion titled “Banking Sector: Current Challenges and Future Prospects.” Mansur emphasized that reducing the number of banks would make it easier to ensure good governance. He added that the government plans to merge state-owned banks, keeping only two in operation.

The governor warned that personal or individual-centric decisions should not influence the banking sector, noting that a lack of proper governance has pushed the sector toward crisis. He stressed the need for comprehensive reforms across all areas of banking. Jagannath University Vice-Chancellor Professor Dr. Rezaul Karim, speaking as a special guest, said the governor’s leadership is crucial in reviving a nearly collapsed sector. He expressed optimism that ongoing initiatives would help restore stability and sustain positive progress.

The event was attended by faculty members, students, and economists including Professor Dr. Mahbub Ullah and Dr. Mohammad Helal Uddin.