Banks urged to cut bad loans
Economists, researchers and academics have emphasised curtailing non-performing loans to ensure good governance in the banking sector and make the country鈥檚 economy vibrant...
Tags : loan
Stricter approach needed for non-performing loan recovery
A DECLINE in the non-performing loans recovery ratio, which is concerning, suggests that the measures taken are not effective and stringent enough. The recovery ratio of non-performing loans dropped significantly in the final quarter of 2024, with the ratio standing at 3.44 per cent, down from 5.12 per cent in the corresponding 2023 quarter, as data of Bangladesh Bank...
11 jailed over Sonali Bank loan scam
A Dhaka court on Monday convicted and sentenced 11 individuals to different terms of jail in a case lodged over embezzlement of Sonali Bank money through loan forgery...
NPL recovery rises slowly amid surge in bad loans
The banks in Bangladesh have recovered Tk 9,791 crore in non-performing loans during the October鈥揇ecember quarter of 2024, posting a 23 per cent rise from Tk 7,960 crore in the same period of 2023...
Govt to focus on tax generation, NPL, says finance adviser
Finance adviser Salehuddin Ahmed on Sunday said that the government must increase the revenue generation to match with the gross domestic products...
Tk 41,129cr bad loans written off by 10 banks
The top 10 banks in Bangladesh have collectively written off Tk 41,129 crore in bad loans by the end of December 2024, accounting for nearly half of the total written-off loans in the banking sector, according to Bangladesh Bank data.
Banks disburse Tk 22,125cr in farm loans in 8 months
Banks disbursed Tk 22,125 crore in agricultural loans during July-February period of the 2024-25 financial year, achieving 58 per cent of the total disbursement target for FY25, according to Bangladesh Bank data...
Industrial term loan release drops
Industrial term loan disbursements declined in the October-December period of 2024 compared with the same period of the previous year, reflecting the ongoing economic distress driven by political unrest and sharp depreciation of the local currency.
UK car loan scandal may cost banks billions
Banks may have to pay out tens of billions of pounds if the British Supreme Court upholds a judgment ruling controversial car loans are unlawful, in a case beginning in April.
Pressure on debt management continues聽
The government has continued facing pressure regarding the external debt management in eight months (July-February) of the 2024-25 financial year.
Government providing interest-free microloans, aid to imams, muezzins
The Ministry of Religious Affairs is providing interest-free microloans and financial assistance to imams and muezzins across Bangladesh from Imam-Muezzin Welfare Trust...
Islami Bank to auction S Alam subsidiary co
Islami Bank Bangladesh PLC has issued a notice to auction the assets of Infinity CR Strips Industries Limited, a subsidiary of S Alam Group, to recover outstanding loans...
10 banks in Bangladesh hold Tk 2.57 lakh crore in default loans
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.
Action over Tk聽53,000cr Beximco loans ordered
The High Court on Wednesday directed the Bangladesh Bank and other relevant authorities to take legal action against individuals and institutions responsible for approving Tk聽53,000 crore in questionable loans to Beximco Group...
BB relaxes exit policy for loan defaulters
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...
Bashundhara allowed to reschedule loans
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.
Short term foreign loans drop below $10b after 4yrs
Private sector short-term foreign loans dropped below $10 billion in January for the first time in four years as businesses prioritised repaying existing loans over securing new ones, amid ongoing political unrest in the country...
Uncovering, recovering default loans should go together
This is welcome that the central bank has adopted international loan classification standards and changed classification policies to get the actual picture of default loans. But a lack of measures to recover defaulted loans is worrying. The central bank has reduced the timeframe to classify loans as defaulted from the previous 270 days to 180 days. Since the adoption...
Default loans hit record Tk 3.45 lakh crore
The volume of non-performing loans in the country鈥檚 banking sector has skyrocketed by Tk聽2 lakh crore in just one year, reaching a staggering Tk聽3.45 lakh crore at the end of December 2024...
Loan repayment becomes heavy burden, says NBR chair
National Board of Revenue chairman Md Abdur Rahman Khan on Tuesday said that the payment of instalments of the domestic and foreign debts and interest on these loans had become a heavy burden to the country...
Loan disbursement to CMSME drops by 16pc
Loan disbursements to the Cottage, Micro, Small, and Medium Enterprise (CMSME) sector dropped by 16 per cent in the July-September quarter of FY25 compared to the same period in FY24, due to political turmoil and economic instability during the period...
Loan defaulting dairy trader arrested
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...
Banks reschedule Tk 7,355cr as lenient policy remains
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...
CAPITAL MARKET TASK FORCE: Minimum Tk 10 lakh investment for margin loans proposed
The capital market reform task force has proposed that investors having investment of less than Tk 10 lakh in the stock market would not be eligible for margin loans...
Cold storage owners demand reduction in interest rates
The Bangladesh Cold Storage Association (BCSA) has demanded a reduction in bank loan interest rates and electricity bills aiming to lower potato storage rent...
NBL LOAN SCAM: ACC sues NBL directors, Desh TV鈥檚 Arif Hasan for embezzling Tk 1,400cr
The Anti-Corruption Commission on Thursday filed four cases against 31 people, including board of directors, top officials of National Bank Limited, and Desh Television Ltd鈥檚 managing director, Arif Hasan, on charges of embezzling Tk 1,414 crore through forgery...
BANKING SECTOR: Legal complexities worsen default loan crisis
The legal framework for handling non-performing loans (NPLs) in Bangladesh has become dysfunctional, allowing wilful defaulters to exploit loopholes and delay repayment, according to a report by the task force on economic reforms...
Wilful loan defaulters聽still enjoy protection
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.
BB to support revival of sick, defaulted cos
The Bangladesh Bank has decided to provide various policy supports to sick business firms which are under the burden of huge default loans, to revive such business again...
SK Sur shown arrested in Hallmark loan scam case
Former Bangladesh Bank deputy governor Sitanshu Kumar Sur Chowdhury on Monday was shown arrested in a money laundering case filed by the Anti-Corruption Commission over the Hallmark Group loan scam seven years ago...
