Ideal money in banks not a good sign

Mahmudur Rahman Sumon
Mahmudur Rahman Sumon
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Staff Reporter :
Mahmudur Rahman Sumon, General Secretary (GS) of Bangladesh-Greece Chamber of Commerce and Industry said, large amount of ideal money are in different commercial banks, which is not good sign for the country’s economy.
He said, banks need freedom investment to bring the economy on the track.
At the same time, the rate of interest in the bank coming down, the depositors have lost their interest in the bank.
On the other hand, banks have been imposing new rule, which have been taking tool on the fresh investment.
While talk to The New Nation, the GS said the banks will have to be very generous which will help create more employment opportunity.
He said that corruption and terrorist attacks may be major challenge to hinder trade and investment.
He said, in the recent time many people have lost their interest to fresh investment. They are rather remitting money out of the country, which will affect the country’s economic activities.
He also said extremism is another threat to the development of the country. “Middle-East countries are still plagued with extremism as they are dependant largely on oil. But in Bangladesh, the government is solely dependant on industries and export earning. So if the extremists become active in the country, then it might be a suicidal factor for us.”
Replying to a question from the NN regarding strength of such extremists, he said the whole thing is a conspiracy. But when a democratic practices lacks in the country, then inner or outside conspiracy may take part through such practices.
In response whether the investment scenario will be bright at the end of the construction of the Padma Bridge and the other mega projects, he said that would depend on the internal security “They will first consider about security, then profit.”
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