The amount of bad loans has been spiralling in Bangladesh owing to rampant politically-motivated lending and inadequate credit risk management, according to a World Bank report.
The central bank said in quarterly review on money and exchange rate
It is alleged that a group of politically-connected people took out large loans from state-owned commercial banks (SOCBs) and intentionally defaulted on them.
It is high time our authorities dealt with loan defaulters and money launderers with utmost importance.
The amount of bad loans has been spiralling in Bangladesh owing to rampant politically-motivated lending and inadequate credit risk management, according to a World Bank report.
The central bank said in quarterly review on money and exchange rate
It is alleged that a group of politically-connected people took out large loans from state-owned commercial banks (SOCBs) and intentionally defaulted on them.
It is high time our authorities dealt with loan defaulters and money launderers with utmost importance.