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Padma Bank MD asked to justify application on behalf of defaulter

The court has served a show-cause notice to the managing director of Padma Bank for applying for bail and release of property of a wilful defaulter without fulfilling the conditions of the law, according to court documents. ....

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BB relaxes loan write-off policy further

The Bangladesh Bank yesterday further relaxed its loan write-off policy as part of its roadmap to “artificially” reduce the higher volume of bad loans in the banking sector. ....

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BB further eases loan write-off policy

BB further eases loan write-off policy
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BB roadmap to knock down bad loans

The Bangladesh Bank yesterday unveiled its roadmap for reining in the runaway defaulted loans to a reasonable level and bringing in good governance to the banking sector, which is progressively becoming an Achilles heel of the economy. ....

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BB tells banks to clear out money-related cases

BB tells banks to clear out money-related cases
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