Ten commercial banks in Bangladesh collectively had Tk聽2.57 lakh crore in defaulted loans as of December 2024, accounting for nearly 75 per cent of the total non-performing loans in the country鈥檚 banking sector.
Bangladesh Bank governor Ahsan H Mansur on Thursday agreed to allow the rescheduling of defaulted loans taken by the Bashundhara Group, one of the country鈥檚 industrial conglomerates.
Banks rescheduled Tk 7,355 crore in defaulted loans during July-September period of 2024, with 99 per cent of the rescheduling done by private banks as the Bangladesh Bank chose to retain the previous government鈥檚 lenient rescheduling policy...
Labour adviser M Sakhawat Hussain on Thursday said that the reopening of the closed factories of Beximco Group is no longer possible, as the factories have a massive default loans...
THE failure of the authorities to take measures to discipline and facilitate the ailing non-bank financial institution sector, crippled by an abnormally high defaulted loans, is unacceptable. More than 70 per cent of non-bank financial institutions are about to collapse. The Bangladesh Bank says that 21 of the 35 institutions have more than 50 per cent...
The top 10 defaulters accounted for Tk聽6,600 crore in classified loans, nearly 31 per cent of the Agrani Bank鈥檚 total defaulted loans as of June, according to bank data.
Defaulted loans of the state-owned entities increased by around 65 per cent in the past two years amid a lack of initiative to realise those, finance ministry officials...
The Bangladesh Bank on Sunday instructed banks to give more emphasis on mediation for recovering defaulted loans amid the existing other policies鈥� ineffectiveness in addressing the issue of bad loans...