DHAKA, Jan 21, 2026 (BSS) – Bangladesh Bank (BB) Governor Dr Ahsan H Mansur today said that the central bank is working to create a dedicated "Bank Resolution Fund" which will collect between TK  30,000 crore and TK 40,000 crore aimed at mitigating financial crises without relying on the government budget.  “The primary objective of this fund is to ensure that the financial sector does not have to wait for government budgetary allocations during times of crisis,” he said while speaking as the chief guest at a discussion titled “Banking sector: current state and future challenges”, held at Jagannath University in the city. The event was jointly organized by the Bangladesh Economics Association (BEA) and the Department of Economics at Jagannath University. In his speech, Dr Mansur clarified that this resolution framework will not be limited to banks but will also bring Non-Bank Financial Institutions (NBFIs) under its coverage. Addressing the operational freedom of the regulatory body, he stated that while Bangladesh Bank may not be fully independent by law, it is currently operating independently.  He emphasized the necessity of ensuring this opportunity for independent operation continues in future. Dr. Mansur highlighted the need to insulate banking activities from individual-centric decisions.  Drawing comparisons with global standards, he noted, "None of the world's large banks are run distinctively as family businesses; rather, they are managed administratively". Regarding the structure of the economy, the Governor pointed out that while the banking sector usually ranks third among financial sectors globally, it holds the top position in Bangladesh.  This indicates that other financial sectors in the country are in a damaged state and require long-term efforts to be restored alongside the banking sector, he added. To combat tax evasion, Dr. Mansur advocated for a transition toward a cashless society.  He noted that cash is the primary medium for evading taxes and estimated that a cashless system could increase annual revenue collection by TK 1.5 to TK  2 lakh crore.  He also called for bringing every student under the institutional banking umbrella. Jagannath University Vice-Chancellor Professor Dr Md Rezaul Karim who spoke as special guest at the event remarked that the general public is gradually realizing the fragile state of the banking sector endured in the past.  He expressed optimism that the current recovery efforts would slowly yield positive results. The session was presided over by BEA Convener Professor Dr Mahbub Ullah, with a welcome speech by Member Secretary Professor Dr Mohammad Helal Uddin.  Deans, department chair, teachers, and students attended the event at the university's central auditorium.