Loan Defaulters in Bangladesh

The water tank with many holes

The man eager to pay back his debt is becoming a rarity. Yet, he represents the hardworking, honest Bangladesh that can bring real change to the system.

Bank Company (Amendment) Act, 2023: Walls closing in on habitual defaulters

The cabinet yesterday cleared the draft Bank Company (Amendment) Act, 2023 that would usher in major consequences for habitual loan defaulters and restrict the influence of families on the bank board.

2022: The year the rich won, and the public lost

The rise in the prices of goods has led to many people suffering from a silent famine.

Same rules should apply to all debtors

Why is it that small debtors suffer while big defaulters walk free?

Big loan defaulters are not above the law

Will big loan defaulters continue to be untouched?

Bangladesh’s sour-debt conundrum

Is the central bank enabling loan defaulters with its policies?

Whose side is Bangladesh Bank on?

Habitual loan defaulters, or the public?

Finance ministry defines ‘habitual defaulter’, proposes punitive actions

The term habitual defaulter is often thrown around casually, without any proper definition. But the government has now spelt out what habitual default is in a draft act, in what can be viewed as a commendable act by Finance Minister AHM Mustafa Kamal.

11 Large Borrowers: BB paves way for fresh rescheduling

In a reversal of its stance, Bangladesh Bank yesterday paved the way for 11 large business groups to reschedule their loans even though they restructured their loans four years ago on condition of regular repayments.

May 22, 2019
May 22, 2019

BB patronises big defaulters

The High Court yesterday observed that the country’s banking sector is no longer business-friendly, rather banks have become organisations of usurers.

May 21, 2019
May 21, 2019

HC halts privilege for loan defaulters

The High Court has halted the privilege of loan defaulters to secure further loans by giving a 2 per cent down payment until June 23.

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