Increase the number and duration of bank visits, vacancies in the departments directly involved in the inspection should be filled immediately, inspection report should be completed within reasonable time and its recommendations should be implemented and even if limited, the inspection team should be given the power to take immediate decision and take action on the inspection.

TIB executive director Iftekharuzzaman said Bangladesh Bank has turned into an ineffective institution to control defaults loan.

“So, our 10 recommendations can be considered before forming the independent banking commission to reform the sector,” he said.

Iftekharuzzaman added there is a weakness in the central bank. He blamed the lack of leadership for the existing situation in the banking sector.