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Loan defaulter
Loan defaulter'Banking sector reform goes missing from budget'
The commitment made earlier to constitute a commission and reform the country’s ailing banking sector has gone missing from this year’s budget speech.
BB extends relaxed loan repayment until 30 Sept
Bangladesh Bank has further extended its relaxed loan repayment system until 30 September taking into consideration the impact of coronavirus on the country's trade and business.
Bismillah Group scam: HC orders arrest of 7 fugitives in 7 days
The High Court on Tuesday ordered the arrest of seven fugitive accused, including Bismillah Group managing director Khaza Soleiman Anwar Chowdhury and its chairman Nowrin Hasib, within seven days and ...
Govt in desperate search of money
A number of economists have said the currency of Bangladesh is overvalued than that of the neighbouring countries. China, India and Pakistan have devalued their currency. But the Bangladesh ...
Bangladesh tops in default loans in South Asia
Contrary to what AHM Mustafa Kamal has been saying since he took charge as the finance minister over a year ago, the amount of default loans is on the rise. At the end of 2018, the amount was Tk ...
Finance minister retracts his ‘good economy’ contention
The ‘good’ economy has turned bad overnight. Finance minister AHM Mustafa Kamal has now admitted that the economy is not in a good shape. He has also accepted that the banking sector is ...
Outstanding loans of bank directors hit Tk 1716b: Minister
The outstanding loans of bank directors in the country now stand at Tk 1716.16 billion at the end of September 2019, which is 11.21 per cent of the total loans disbursed by all banks, reports ...
Banks to charge 9pc interest for industrial loans from January
All banks in Bangladesh will charge maximum 9 per cent interest rate in providing industrial loans from 1 January next, reports UNB.The decision was taken at a meeting of the Bangladesh Bank ...
Banks extra cautious in providing loans
The directive to decrease interest rates on bank loans has pitched the banking sector into a dilemma. Under pressure to keep the interest rates low, the banks are now cautious in providing loans. ...
Economy threatened as influentials control bank decisions
The tendency not to return bank loans is deeply rooted among a certain group of people of Bangladesh. Wealthy, influential and well-connected businessmen feel no obligation to repay their bank loans. ...
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