Bangladeshi turmoil risks weaker banks and slower financial reforms, S&P says


  • World
  • Wednesday, 14 Aug 2024

FILE PHOTO: Protesters shout slogans as they vandalise a mural of Bangladeshi Prime Minister Sheikh Hasina with paint and mud, demanding her resignation at Teacher Student Center (TSC) area of University of Dhaka in Dhaka, Bangladesh, August 3, 2024. REUTERS/Mohammad Ponir Hossain/File Photo

NEW DELHI (Reuters) - Political turmoil in Bangladesh is likely to slow planned financial reforms and has already added to weakness in the country's banking sector, S&P Global Ratings said on Wednesday.

Prime minister Sheikh Hasina quit and fled to neighbouring India last week after student-led protests against her spiralled into some of the worst violence in the country since its 1971 independence from Pakistan, killing about 300 people and injuring thousands.

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