Bangladesh Bank has confirmed the formation of a task force to evaluate the situation. It is also drafting a new “Bank Resolution Act” that will provide a legal and procedural framework for the proposed mergers and acquisitions.
The centre has sounded an alarm over the likely impact of El Niño on India's 2026 southwest monsoon, warning that 315 districts across 12 states could face significant rainfall deficits during the crucial kharif cropping season.