The regime-sponsored immorality to protect or pamper the financial gangsters not only eroded the future of the banking sector, but also made the wound too difficult to recover from.
Banking rules and regulations stipulate a single borrower exposure limit but the banking regulator itself disregarded the rule routinely in the last 16 years.
The adviser made these remarks today during a press conference at the Secretariat in Dhaka
The decline in NOCFPS was primarily due to increased investments in customers and a fall in deposits
Bangladesh’s banking sector was not well-managed in recent years. Banks mostly gave loans to their owners, rather than to creditworthy entities. Consequently, several banks are now in difficulty.
Several banks in Bangladesh are clinically dead but are being kept alive through bailouts, said Fahmida Khatun, executive director of the Centre for Policy Dialogue (CPD).
Unrest has gripped the banking sector at a time when several banks are burdened with huge default loans and are suffering from low asset quality.
Three lawmakers in parliament yesterday blasted the government for the sorry state of the banking and financial sector.
Otherwise, banking sector health will continue to deteriorate
The regime-sponsored immorality to protect or pamper the financial gangsters not only eroded the future of the banking sector, but also made the wound too difficult to recover from.
Banking rules and regulations stipulate a single borrower exposure limit but the banking regulator itself disregarded the rule routinely in the last 16 years.
The adviser made these remarks today during a press conference at the Secretariat in Dhaka
The decline in NOCFPS was primarily due to increased investments in customers and a fall in deposits
Bangladesh’s banking sector was not well-managed in recent years. Banks mostly gave loans to their owners, rather than to creditworthy entities. Consequently, several banks are now in difficulty.
Several banks in Bangladesh are clinically dead but are being kept alive through bailouts, said Fahmida Khatun, executive director of the Centre for Policy Dialogue (CPD).
Unrest has gripped the banking sector at a time when several banks are burdened with huge default loans and are suffering from low asset quality.
Three lawmakers in parliament yesterday blasted the government for the sorry state of the banking and financial sector.
Otherwise, banking sector health will continue to deteriorate
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