Dhaka, Feb. 10 -- The way Bangladesh Bank is providing support to weak banks, the people and the country will have to bear the brunt finally, eminent economist Dr Wahiduddin Mahmud said on Saturday.

He said despite huge loan scandal in some large banks the government did not let any bank to sink due to its humane side and domino effect on entire banking industry. This has also led people to make deposits in these banks, he added.

Dr, Mahmud noted that influential people and vested interest groups have wiped off institutional memories of the country's financial sector.

The economist said he had been a part of two bank reform commissions that had formulated so many rules and regulations, including limiting the number of sponsor directors...