Bangladesh Bank
BB withdraws policy interest rate hike initiative
BB withdraws policy interest rate hike initiative
Can lending to weak banks restore customer confidence?
Can lending to weak banks restore customer confidence?
Bank bailouts through money printing could ignite inflation
Bank bailouts through money printing could ignite inflation
Ignorance is the root to problem
Bangladesh Bank Officers Welfare Council Election Ignorance is the root to problem
Are borrowers or bankers more to blame for default loans?
According to the latest statistics from Bangladesh Bank, the total amount of default loans in the country's banking sector has reached 2,84,977 crore taka. This constitutes 16.93 per cent of the total loans disbursed by banks. In July, the amount of default loans was 2,11,391 crore taka. Therefore, in just three months, the amount of default loans in the banking sector has increased by 73,586 crore taka. During this period, the amount of default loans in state-owned banks has increased by 23,628 crore taka, while in private banks, the increase was 49,885 crore taka.
Financial crisis is not so critical
During a workshop titled "Inequality, Financial Crimes, and the Healing of Bangladesh's Economy," organized by Bonik Barta on November 11, 2024, at the Pan Pacific Sonargaon
Legal reforms are essential to offset banking sector catastrophes
The private research institution, the Center for Policy Dialogue (CPD), has highlighted the dire situation of the banking sector in its latest research report. According to the report, over the past 15 years, widespread embezzlement has taken place in the country's banking sector, pushing it into a state of severe risk. Of the 60 banks operating in the country, at least 29 are struggling to function properly for various reasons. Among them, at least 10 banks are on the verge of bankruptcy. What was once a symbol of public trust, the banking sector, has now become a breeding ground for corruption.
Cases pile at Money Loan Court
The number of settlements in the Money Loan Court, the last resort for recovery of defaulted loans, is very low, even though the number of cases is piling up day by day. Due to this reason, the efforts for the recovery of the loan moneys are progressing at a snail’s pace. On the other hand, the defaulters are going scot-free through the loopholes of legal obligations.