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 seems there exists a nexus among the policymakers, bank directors, and defaulters which facilitates the process of swindling depositors’ money.
The news of Bangladesh occupying the second-highest position in South Asia in terms of a bad loan ratio is no surprise.
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 seems there exists a nexus among the policymakers, bank directors, and defaulters which facilitates the process of swindling depositors’ money.
The news of Bangladesh occupying the second-highest position in South Asia in terms of a bad loan ratio is no surprise.