Defaulters should be kept alive rather destroyed
Defaulters should be kept alive rather destroyed

The government must toil in consultation with stakeholders. The Finance Adviser is visiting leading industries, engaging with them and attempting their recovery. However, this must be done within the framework of minimum rules and regulations. I have spoken to all major loan defaulters, and 50%...

BDT 2.34 trillion stashed in the pockets of bank directors
BDT 2.34 trillion stashed in the pockets of bank directors

The banking sector of the country suffered the most during the tenure of the previous government, a fact highlighted in the White Paper Committees report. Allegations have been made regarding the involvement of several bank chairmen in undermining the sector, including claims of collusion....

Entrepreneurs concerned as NPLs likely to increase
Entrepreneurs concerned as NPLs likely to increase

The revised loan classification regulations have deepened concerns among entrepreneurs. Over the past six months, the private sector has seen no new investments, while instability continues to grip the financial sector. In this context, the International Monetary Funds (IMF) latest directives have...