Default Loan News Today

A total of 12 NBFIs in Bangladesh are running without an MD or CEO and a majority of them have had their top post vacant for more than three months in a clear breach of laws.

Government inaction about money laundering: Investigators sitting on information about Dubai real estate purchase despite HC order

Bangladesh economy was all set at the beginning of 2022 to get its growth momentum back after recovering from the prolonged Covid-19 pandemic. But, the start of the Ukraine war in February slowed the country’s joy run significantly, making it an eventful year to remember. Let’s see how 2022 was for Bangladesh.

The government has announced a number of facilities and waivers for big borrowers to pay off their debts in the past few years, but loans defaulted on in the banks have kept rising, with nearly Tk 91.4 billion added in the first quarter of 2022-23.

The overall default loans stood at Tk 113,441 crore as of March this year, up 19.30 per cent year-on-year and 9.84 per cent up from the three months ago period.

Default debt bulges as Tk 101.67bn added to third quarter tally

The country's banking sector experienced a sharp rise in default loans by Tk10,000 crore in just three months from January to March quarter. The total default loan stood at Tk113,440 crore at the end of March which was 8.53% of total loans in the industry, according to the Bangladesh Bank data released on Sunday. The default loan rate was 7.93% in December last year. Defaulted

In an interview, Professor Dr Mohammed Farashuddin, former governor of Bangladesh Bank and chief advisor of East West University, explained the context and nuances of banks writing-off loans and NPLs to The Business Standard

  Staff Correspondent, bdnews24.com  Published: 24 Feb 2021 02:38 AM BdST Updated: 24 Feb 2021 03:02 AM BdST The Bangladesh Bank’s role in recovering defaulted loans taken from People’s Leasing and Financial Services Ltd or PLFSL, a firm undergoing liquidation, has irked the High Court. "); } A judge says the central bank officials responsible for overseeing the financial institutions “took benefits” from the scam centring businessman Proshanto Kumar Halder. Justice Muhammad Khurshid...