It seems there exists a nexus among the policymakers, bank directors, and defaulters which facilitates the process of swindling depositors’ money.
Why is the amount of default loans increasing day by day?
Bangladesh’s economy is experiencing stress because of the pressure on the foreign exchange reserves, but the situation is not as alarming as many think, said top brass in the financial sector yesterday.
The economy needs firm handling to ensure the situation doesn't turn into a crisis.
Banks have rescheduled a record amount of default loans last year, fuelling further fears of the sector's health.
The chief of Anti-Corruption Commission has come down hard on the role the central bank has played over the last several years when it comes to tackling graft in banks.
The World Bank approves $476 million for two projects in Bangladesh to develop a strong financial sector and to improve agricultural productivity for a million poor farmers.