State-owned Janata Bank has issued an auction notice to sell the assets of Globe Janakantha, including the 15-storey Janakantha Bhaban in the capital, as it seeks to recover Tk 215 crore in defaulted loans

Banks’ loan recovery in the first quarter of 2019 was 9.68 percent higher than a year earlier, but given the extraordinary rate at which default loans are increasing it seems below par.