Banks are losing public confidence

Bank robbery nowadays does not necessarily require for robbers to physically break into a bank and steal the money from its vault. In recent times, according to numerous media reports, powerful businessmen, bankers and politicians siphoned off large amounts of money from several banks and financial institutions in the form of loans, bringing them to the brink of bankruptcy. Strangely enough, Bangladesh Bank bailed them out by pouring in massive amounts of public money, instead of taking steps to retrieve the stolen money.

In order to reverse this trend, the authorities should bring the culprits to book. Terminating bank officials will not be sufficient.

AKM Ehsanul Haque, Dhaka