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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 Mar 2020, ADIA (Abu Dhabi Investment Authority) and Kotak Realty Fund disbursed Rs.115 Crores to Alliance Galleria Residences project with a 4 year repayment period. Alliance Group through innovative sales strategies and marketing has managed to sell and generate funds to pre-pay the entire loan of Rs.115 Crores along with interest of Rs 25 Crores totalling to a total repayment of Rs.140 Crores in just 19 months instead of the 48 months period given by ADIA & Kotak Real Estate Fund. ....