The falling foreign exchange reserves and the ever-rising defaulted loans are very concerning for the economy, and the government should respond fast to avoid a looming crisis, eminent economist Prof Rehman Sobhan said yesterday.
The defaulted loans in 10 banks, including four state-run lenders, increased at an alarming rate in fiscal 2022-23, indicating their worsening financial health.
The bad loans rose by Tk 24,419 crore in the last three months to June
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Banks in Bangladesh witnessed an accumulation of default loans by Tk 10,964 crore in the first three months of 2023, highlighting the worsening financial health of the banking sector, official figures showed.
It is quite intriguing how the RPA amendment can be so accommodating to defaulters who are desperate to gain political power.
The news of Bangladesh occupying the second-highest position in South Asia in terms of a bad loan ratio is no surprise.
We are told that taka is available, and then it’s not there anymore.