Too many banks

Merge weak banks with strong ones: analysts

In a burgeoning yet small economy of Bangladesh, there are an immense amount of business activities. To support these businesses, a total of 56 banks are in operation in the country. Fifty Six. Naturally, these banks are not large scale banks, which means their profit margin is limited. Consequentially, to survive in the banking business, profit making efforts are exerted: through high interest rates. In a
banking reforms forum, this fact was stated and many attested to having too many banks in the country.

Telecom talks all around

Airtel and Robi begin merger talks

It is unavoidable that the greatest highlight today would be the proposed merger of Robi with Airtel. The fourth largest telecom operator, Bharti Airtel, if merged with the third largest, Malaysia based Robi Axiata Ltd , would become the second largest in the country. Airtel, announcing earlier they will retract all operations from Bangladesh, may eventually see a different future.