Bangladesh’s banking sector continues to experience significant challenges due to a lack of governance, leading to high non-performing loan (NPL) rates and weak performance. CPD emphasised the need for comprehensive reforms, which include various steps such as strengthening the Banking Company Act, improving internal monitoring and audits, appointing competent bank directors, and removing the political interference on running banks. CPD has long been advocating for an independent, transparent Banking Commission to tackle systemic problems and improve accountability and stability of the banking sector.