BDBL, RAKUB to be merged with Sonali, Krishi Bank

The government has decided to merge Bangladesh Development Bank (BDBL) and Rajshahi Agricultural Development Bank (RAKUB) with Sonali Bank and Krishi Bank respectively.

Bangladesh Bank (BB) informed the concerned banks about the decision of the government on Wednesday after a meeting between BB Governor Abdur Rouf Talukder and managing directors of the respective banks at BB headquarters on Wednesday.

However, a formal decision is yet to be taken about the merger, as the boards of the respective banks will have to approve the move. 

Earlier on 25 March, a memorandum of understanding was signed regarding the merger of the fourth generation Padma Bank with the private sector Exim Bank.