Governance of the financial sector needs improvement

Business Desk :
The financial sector needs further improvement in governance, said Bangladesh Bank Governor Fazle Kabir.
He made the remark while speaking as the chief guest at an event organised on Tuesday to honour the top taxpayers of the country.
The BB governor said demands of clients in banking sector are changing with a rise in using technology and passage of time and to meet these demands, changes have been brought in the services of banks. At the same time, use of technology in banking sector has been increased, he added.
He said the banking sector has been making significant contribution to achieving higher growth and inclusive development despite having some problems in the sector.
Thirty banks and financial institutions of the country were honoured as the best taxpayers of the last financial year.
The event, organised by the Large Taxpayer Unit-LTU of the National Board of Revenue (NBR), was held in a hotel at the capital’s Siddheswari area.
NBR Chairman Abu Hena Md Rahmatul Muneem, NBR member Alamgir Hossain, LTU Commissioner Iqbal Hossain, Islami Bank MD and CEO Monirul Maula, Grameenphone CEO Yasir Ajman also spoke on the occasion.