Recession in Business, entrepreneurs seek six-month grace period
Recession in Business, entrepreneurs seek six-month grace period

As the government walks in line with the International Monetary Funds (IMF) conditions, the amount of non-performing loans (NPLs) increases, turning businessmen into defaulter in comparatively shorter period. Businessmen are not taking this positively and they believe that at least six-month...

Defaulted loans could exceed Tk 6 lakh crore
Defaulted loans could exceed Tk 6 lakh crore

Bangladesh Bank spokesperson Husne Ara Shikha said information on defaulted loans was hidden in previous governments regime, now efforts are being made to reveal it. It is said that the defaulted loans are worth 4 lakh crore taka or more. But she believes that if the total information comes to...

It was possible to make 24 Padma Bridges with NPAs: White Paper
It was possible to make 24 Padma Bridges with NPAs: White Paper

The committee for White Paper on State of the Bangladesh Economy submitted its findings to the chief adviser Professor Muhammad Yunus on Sunday. The White Paper reveals the dark side of ousted prime minister Sheikh Hasina regime. According to the data of the White Paper, at least 1.75 lakh crore...

Country's default loans stand at Tk 2,85,000 crores
Country's default loans stand at Tk 2,85,000 crores

Non-performing loans (NPLs) in Bangladeshs banking sector stood at Tk 2 lakh 84 thousand 977 crores at the end of September this year, which is 16.93 percent of the total disbursed loans. Indeed, this is the highest ratio of disbursed loans to bad loans in the last 16 years. An updated report of...