The Bangladesh Association of Banks (BAB) has expressed concern over a clause in the amended Bank Resolution Act that allows former bank owners to return to the sector. Following a meeting with Bangladesh Bank Governor Mostakur Rahman on Monday, BAB President and Dhaka Bank Chairman Abdul Hai Sarker told reporters that the provision could enable individuals previously involved in irregularities and misappropriation to re-enter the banking industry, potentially causing new instability.

Sarker warned that public confidence in the banking sector could further erode if those who had taken money from banks are allowed to return. He urged the government to reconsider the clause carefully to prevent renewed crises. The meeting was attended by several prominent bank chairmen and directors, including A K Azad, Sharif Zahir, Manjurur Rahman, and Romo Rouf Chowdhury.

According to Sarker, the central bank governor assured them that the return of former owners would not be permitted without fulfilling all conditions under section 18(a) of the amended law. He also confirmed that the ongoing merger process of five banks would continue as planned.