A culture of loan default | The Daily Star
12:00 AM, April 09, 2019 / LAST MODIFIED: 12:00 AM, April 09, 2019

A culture of loan default

Despite the fact that default loans in the country have been soaring, and the established fact that the banking sector is in a precarious position, no visible action has so far been taken against either the loan defaulters or bank officials responsible for enabling these defaulters. It is a paradox, to say the least, that we keep going on and on about economic growth on the one hand, while there is deafening silence on the issue of rising NPLs on the other. No one seems to care that at the end of the day, it's taxpayers' money. It seems that as long as you have friends in high places, you can get away with anything in this country.

 

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