The new governor of Bangladesh Bank (BB) has heralded robust messages to the country’s banking and financial industry.

Abdur Rouf Talukder, the finance secretary, was yesterday announced as the new governor of the central bank, replacing Fazle Kabir, whose six-year tenure ends next month.

The former Bangladesh Bank governor also stressed the need for cutting unnecessary spending and allocating more for social safety, education and health.

A slight mistrust has been created among the people over the country’s banking sector in recent time, which is an “ominous sign” for the banks, Bangladesh Bank Governor Fazle Kabir says.

The former Bangladesh Bank (BB) governor must be lauded for taking the moral responsibility for the bank's financial mishap that led to a US$101 million heist from BB account at the New York Fed.

The BB Governor has done the only moral thing to do, resign. But that is only one aspect of the issue. The matter has generated several questions and people need credible answers to those.

Setting a rare example, Atiur Rahman stepped down as Bangladesh Bank governor yesterday amid strong criticism over his handling of the $101 million cyber theft.