Government lacks urgency and focus in crisis response
Defaulting on loans is progressively becoming part of the business model to stay competitive, said Rehman Sobhan, chairman of the Centre for Policy Dialogue.
BFIU must be empowered to do more to prevent money laundering
Online vigilance a must to protect citizens plagued by poverty and desperation
Top five banks saw their defaulted loans rise 30% year-on-year to roughly Tk 75,000 crore in April-June of 2023
Authorities must improve monitoring to keep the sector in check
Despite decades of sustained GDP growth and improvements in social indicators, Bangladesh’s economy is now on a fragile footing.
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.
So much for restoring good governance and holding bank ‘looters’ accountable
The man eager to pay back his debt is becoming a rarity. Yet, he represents the hardworking, honest Bangladesh that can bring real change to the system.
Time for govt to change its policy towards habitual defaulters
Approval of draft Bank Company Act gives hope but enforcement is key
