Banks are an essential part of a nation’s economy. They facilitate the flow of funds from surplus units (depositors) to deficit units (borrowers) to fuel the growth of the economy.
Banks in Bangladesh witnessed an accumulation of default loans by Tk 10,964 crore in the first three months of 2023, highlighting the worsening financial health of the banking sector, official figures showed.
On edge -- is what best describes the sensation surrounding the banking sector. But the Bangladesh Bank higher-ups were warned as early as October 2021 that such a situation might transpire. Yet, no definitive action was taken then.
SME loans to women entrepreneurs should be made easy to obtain
THE recent circular issued by the Bangladesh Bank (BB) on loan restructuring does not seem to be equitable because it is giving a special facility only to a certain group of people.