default loan
Loans to become overdue 3 months after repayment date
The BB said this will come into effect from September 30 this year.
What the economy may look like in 2024
The verdict so far is that the year will see slow GDP growth but also experience lower inflation.
What lies ahead for Bangladesh’s economy?
To overcome the economic crisis, no doubt, the country needs strong economic leadership, backed by strong political will.
Bancassurance can change how we do insurance
The system of selling insurance services to bank customers will ultimately expand financial inclusion.
Default by top three borrowers to to hit banks
Resilience in the banking sector will be affected significantly if the top three borrowers default on their loans, as per the financial stability assessment report of the Bangladesh Bank.
National Bank director defaults on AB Bank loan
Rick Haque Sikder, a director of National Bank Ltd (NBL) and chairman of R&R Aviation Ltd, has defaulted on repayments of a loan with AB Bank Ltd, which might cost him the directorship if dues are not cleared in two months.
25 banks keep NPLs below 5%
With the high rate of non-performing loans (NPLs) being a major challenge for the banking sector, just 25 of the 61 commercial banks in Bangladesh are managing to keep their NPL rates below 5 percent.
Default loans hit an all-time high
Non-performing loans (NPLs) in Bangladesh’s banking sector hit a new record in June as withdrawal of a relaxed central bank policy, slowdown in business sales and deliberate non-payments pushed up the volume of bad loans to Tk 1,56,039 crore, central bank data showed.
Banks can now reschedule default loans of cold storages
The loans can be repaid in 10 years with one-year of grace period
Default loans rises nearly 17%
Habitual defaulters' reluctance to repay the funds fuelled the amount to reach Tk 120,656 crore
Weak banking sector, Achilles’ heel of economy
The International Monetary Fund has identified the problems in the banking system, including the high volume of defaulted loans, as one of the three domestic risks that derail the economy in the short- to medium-term.
2023 will be the year of inflation and financial turpitude
While the government is distracted by elections, the financial economy will suffer
How did 2022 go for Bangladesh?
Bangladesh economy was all set at the beginning of 2022 to get its growth momentum back after recovering from the prolonged Covid-19 pandemic. But, the start of the Ukraine war in February slowed the country’s joy run significantly, making it an eventful year to remember. Let’s see how 2022 was for Bangladesh.
Hold the elite to account
Investigation into financial irregularities the first step forward
Tk 1,26,369 crore loans defaulted as of March this year: Finance Minister
Finance Minister AHM Mustafa Kamal today told the parliament that as of March this year, the amount of defaulted loans in the country was Tk 126,369 crore.
Default loan now Tk 1,11,347cr in Bangladesh: Finance minister
The total amount of default loan in the country now stands at Tk 1,11,347 crore, Finance Minister AMA Abdul Muhith tells parliament.
