Stocks in Bangladesh yesterday staged a comeback, breaking a five-day losing streak as investors regained some confidence in the market after learning that the regulator is working to revitalise trading.
Defaulted loans at non-bank financial institutions (NBFIs) accounted for a record 30 percent of disbursed loans, indicating a fragile situation in the sector due to widespread loan irregularities and scams.
Deposits of Tk 1,600 crore of four state-run commercial banks Sonali, Rupali, Agrani, and Janata have been stuck in several weak non-bank financial institutions (NBFIs) as the latter have repeatedly failed to repay despite maturity owing to a persisting liquidity crisis.