Bangladesh Bank's executive director and spokesperson, Mezbaul Haque, revealed on Tuesday the regulator's intention to merge 10 banks within the coming year. Addressing reporters at a press briefing held at the BB headquarters in the city, Haque emphasized the strategic objective behind the mergers, stating that weaker banks could emerge stronger from the consolidation process, while already robust banks could further fortify their positions.

Haque highlighted the ongoing efforts of various BB departments in regularly assessing different components for financial risk management. Despite acknowledging that this assessment is not a definitive health indicator, he emphasized the development of a Prompt Corrective Action (PCA) framework to classify banks based on their performance.

Under the PCA framework, banks will be evaluated across four categories, with assessments based on the 2024 balance sheet data. Haque announced that the implementation of this framework is scheduled to commence from May 2025, indicating a proactive approach by Bangladesh Bank to enhance the stability and resilience of the banking sector.