Private Banks – profitable business model in Bangladesh

There are lots of doubts about making a private bank a successful business entity due to recent loan defaulters data and how the wealthy person in society are misusing financial institutions to increase their assets. Lack of liquidation of the Banks, most of the banks in the country is going through a rough period. Although govt. already taken initiatives to overcome this scenario.

But you can’t judge a business idea with the current situation. For a long-term business plan, opening or investing in a private bank in Bangladesh is another good idea. For the sake of bureaucracy and the political impact you should be a political person or you have to get endorsed by any political party to get your private bank's approval. I am sharing this from my personal point of view and as a conscious citizen of Bangladesh. But still, now private banks are still in a good position to make successful business ventures