State of the Bangladesh Economy in FY2023-24 (First Reading)
Independent Review of
RBD
Bangladesh's Development
Recommendations
A conducive legal and judicial environment should be created
The Banking Companies Act should be amended to reduce both the number of family members on
the board of directors and the tenure of each director to enhance transparency and accountability
The number of judges dealing with the Financial Loan Court Act 2003 and Bankruptcy Act 1997
should be increased to ensure speedy disposal of loan default cases and to reduce the backlog
The Bankruptcy Act should be amended to remove mortgage-related loopholes that cause delays in
settling cases
Efforts should be made to recover NPLs through out-of-court procedures such as Alternate Dispute
Resolution
CPD (2023): State of the Bangladesh Economy in FY2023-24 (First Reading)
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