Efault Loans Increase News Today

Default loans in the banking sector increased 16.8 per cent year-on-year to Tk 120,656 crore last year as habitual defaulters showed reluctance to repay the funds.

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