Tk 35,850cr defaulted loans rescheduled in Oct-Dec
Banks rescheduled Tk 35,850 crore in defaulted loans during October-December period of 2024, with over 98 per cent of the rescheduling done by private banks...
Tags : loans
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Beximco takes Tk聽50,000cr in loans, nearly half defaulted
Beximco Group, controlled by the ousted prime minister Sheikh Hasina鈥檚 adviser Salman F Rahman, has allegedly withdrawn about Tk聽50,000 crore from different banks and non-bank financial institutions, using political clout and circumventing banking norms...
Stringent measures needed to save NBFIs
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...
Tk 9,391cr in farm loans disbursed in 4 months
Banks disbursed Tk 9,391 crore in agricultural loans in July-October of the 2024-25 financial year, which accounts for 24.71 per cent of the total disbursement target for FY25, according to Bangladesh Bank data...
Deposits, loans in NBFIs decline
The amount of deposits in the country鈥檚 non-bank financial institutions (NBFIs) dropped by Tk聽68 crore in the July-September period due to a lack of customer trust and confidence in the sector...
Debt trap fear mounts over megaprojects
The megaprojects implemented mostly with foreign loans by the now ousted Awami League regime have left the nation with concerns over the debt trap amid the questionable expected returns...
Credit card interest rate limit set at 25pc
The Bangladesh Bank on Sunday imposed the maximum interest rate for credit card loans, setting it at 25 per cent...
BB extends FE loan tenure for capital machinery imports
The Bangladesh Bank has extended the tenure for foreign exchange loans under buyers and suppliers credit for importing capital machinery, allowing industrial entrepreneurs to secure loans for three years instead of one...
Foreign loan drops by 26pc in July-Oct
The disbursement of foreign loans in the first four month of the current financial year dropped by 26 per cent due mainly to the regime change in the country, economists said...
NPL classification period reduced by 3 months
The Bangladesh Bank on Wednesday tightened loan classification rules by reducing classification period of overdue loans into non-performing ones to six months that was previously nine months...
Affected importers given 8 years to repay loans
Importers, who faced losses due to foreign exchange rate spikes, can now repay their loans over a maximum period of eight years...
18 sent to jail over luring thousands with loan promises
A Dhaka court on Tuesday sent 18 individuals, including Mahbubul Alam Chowdhury, a senior joint secretary and one of the key leaders of the Ahingsa Gana-Abhyutthan Bangladesh allegedly for creating unrest by promising interest-free loans to villagers...
Gathering on false loan promise at Shahbagh foiled
The police on Monday foiled Ahingsa Gana-Abhyutthan Bangladesh鈥檚 pre-announced rally for the formulation of a law to recover embezzled and laundered money and lending interest-free loans to people with little or no capital...
Pvt sector short-term foreign loans drop
The amount of private sector short-term foreign loans dropped to $10.72 billion in September, hitting its lowest in three years and six months amid slow business and increased repayments...
Eleven detained in Lakhimpur for offering loans to attend rally in Dhaka
Eleven people have been detained in Kamalnagar upazila of Lakhimpur for their alleged bid to take some impoverished people to Dhaka with promises of interest-free loans ranging from Tk 1 lakh to Tk 1 crore for attending a rally.
Streamlining banking sector should be a policy priority
THE volume of non-performing loans in the banking sector had already been grim during the toppled Awami League. An even grimmer picture is reported with a staggering Tk 2.85 crore in default loans in September, which is a radical increase from what was reported earlier this year. The central bank data show that the defaulted loans shot up to...