Banks must face full penalties BB Governor

Bangladesh Bank Governor Mostaqur Rahman has directed banking supervisors to adopt a strict zero-tolerance stance against violations of banking laws and regulations, instructing officials to impose the strongest possible penalties on non-compliant institutions.

The directive was issued during a meeting on Saturday at the central bank with deputy governors, executive directors and directors of departments responsible for bank supervision.

According to sources present at the meeting, the governor called for the strictest possible oversight of the banking sector to ensure full compliance with regulatory requirements.

“We should show no leniency in cases where banks violate laws or regulatory provisions and instead follow a zero-tolerance policy in dealing with such offences,” Mostaqur Rahman said.

He further instructed officials to impose the maximum penalties permitted under the relevant legal framework whenever breaches are identified.

The governor stressed the importance of effective supervision of the banking sector, directing relevant departments to closely monitor compliance with all applicable rules and regulations.

He also asked officials to keep him regularly updated on developments in the sector, as well as enforcement actions taken against irregularities, through periodic meetings involving directors, executive directors and deputy governors overseeing bank supervision.

The move reflects the central bank’s heightened focus on strengthening regulatory discipline and improving governance within the banking system.