The IMF mission met with the deputy governors, policy advisor, executive directors and directors in different meetings at the central bank headquarters.
It is alleged that a group of politically-connected people took out large loans from state-owned commercial banks (SOCBs) and intentionally defaulted on them.
It seems there exists a nexus among the policymakers, bank directors, and defaulters which facilitates the process of swindling depositors’ money.
The news of Bangladesh occupying the second-highest position in South Asia in terms of a bad loan ratio is no surprise.
The IMF mission met with the deputy governors, policy advisor, executive directors and directors in different meetings at the central bank headquarters.
It is alleged that a group of politically-connected people took out large loans from state-owned commercial banks (SOCBs) and intentionally defaulted on them.
It seems there exists a nexus among the policymakers, bank directors, and defaulters which facilitates the process of swindling depositors’ money.
The news of Bangladesh occupying the second-highest position in South Asia in terms of a bad loan ratio is no surprise.