Bangladesh Bank has disclosed that nearly one in every five borrowers in the country鈥檚 financial sector has defaulted, which underscored the depth of the banking crisis and the erosion of credit discipline...
A SIGNIFICANT number of borrowers with proven track records face financial distress as the strict, new loan classification rules and rescheduling policy have classified them as defaulters, limiting their access to capital. This is a cause for concern. More than a thousand borrowers, mostly in export-oriented sectors such as textiles, apparel and leather, keep struggling with...
