Defaulted loans threaten financial sector
Defaulted loans threaten financial sector

The Finance Division believes that the countrys financial sector is at significant risk due to defaulted loans. According to sources the default rate stood at 6.12% in December 2011, and it surged to 16.93% by December 2024. Additionally, mismanagement and corruption in the sector under the...

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...