THIS is unfortunate that the Bangladesh Bank needs to show Tk 1,631.5 billion that is, in fact, defaulted loans, as of June, as regular loans and classify 1,086 borrowers, averagely owing Tk 1.5 billion, from being defaulters because of court orders. A central bank report says that such a high number of borrowers have filed writ petitions with the court to secure protection...
Finance adviser Salehuddin Ahmed on Wednesday said that loan defaulters would not be allowed to take part in the national election expected to be held next February...
Although banks have already identified more than 1,500 wilful loan defaulters, the Bangladesh Bank remains indecisive over taking disciplinary action against such defaulters, exacerbating the country鈥檚 non-performing loan crisis...
The Bangladesh Bank on Monday relaxed the exit policy for loan defaulters, lowering the minimum down payment requirement to encourage wider adoption of the policy...
Md Sirajul Islam, the proprietor of Messrs Momina Logistic Point and Messrs Momina Dairy Industries, a loan defaulter as per a case filed by One Bank PLC, has been arrested...
Wilful bank loan defaulters are still enjoying legal and regulatory protection, as authorities concerned shield them from punitive measures, allowing them to evade consequences, according to bankers.
A Bangladesh Bank report has revealed that the financial stability of 18 banks is at risk due to potential loan defaults by their top three borrowers.
The Bangladesh Association of Banks (BAB) on Wednesday urged the Bangladesh Bank to address regulatory loopholes, particularly the practice of borrowers filing writ petitions to avoid being classified as loan defaulters...
Orion Infrastructure Limited, a concern of Orion Group, has become a loan defaulter after failing to repay Tk 106 crore in bridge financing for the Mayor Mohammad Hanif Flyover project, according to...
The Bangladesh Bank on Monday introduced an exit policy for loan defaulters after its various efforts to curb the rising tide of bad loans in the country鈥檚 banking sector...
Finance minister Abul Hassan Mahmood Ali on Monday told the Jatiya Sangsad that Bangladesh Bank is in the process of preparing the list of top loan defaulter persons and organisations...
Law, justice and parliamentary affairs minister Anisul Huq on Sunday said that all steps would be taken to dispose of quickly the cases pending before money loan courts to rein in loan default....
Finance minister Abul Hassan Mahmood Ali on Sunday said that the next course of action should be launching crackdown on loan defaulters after the exchange rate problem was almost fixed...
The police on Tuesday foiled an attempt by the Ganosamhati Andolan to besiege the Bangladesh Bank at Dhaka鈥檚 Motijheel...
THE Bangladesh Bank coming to ask non-bank financial institutions to identify wilful loan defaulters and take action against them is welcome. The central bank has also asked the institutions...
The Bangladesh Bank on Wednesday asked the country鈥檚 non-bank financial institutions to form unit by April 30 for identifying wilful loan defaulters as per the central bank鈥檚 guidelines...