Diversion of funds by borrowers is the major reason for the higher non-performing loans in Bangladesh, according to Anis A Khan, a career banker who retired a few days ago after serving the industry for nearly four decades. To him, the NPL is the scourge of the banking...
The government is set to make a net borrowing of more than Tk 45 billion from the country's banking system in December to partly meet its budget deficit, officials said. The government's gross borrowing may reach up to Tk 215 billion from the banking system in December....
Profits of most listed non-bank financial institutions (NBFIs) plummeted in the first nine months of 2019 as a result of panic stemming from the liquidation of the People’s Leasing and Financial Services (PLFS). The trepidation prompted people to withdraw deposits from the NBFIs, leading to a drop in...
The Bangladesh Bank on Sunday relaxed international card-based online payment system, backtracking on its move tightening the system after just 10 days amid heavy oppositions from banks and e-commerce businesses. The central bank issued a circular waiving a provision that had made prior approval of banks a...
The government’s borrowing from banks has escalated alarmingly on the back of a revenue shortfall, a development that is poised to aggravate the already tight liquidity condition in the sector. Until November 17, the government already borrowed 92 percent of its full-year target from the banking sector:...
The government’s net borrowing from the banking system surged with the figure standing at Tk 33,586.94 crore in just four months (July-October) of the current fiscal year 2019-20 against Tk 535.90 crore in the same period of FY 2018-19. Economists said that a slowdown in sales of national savings...
The central bank is set to relax the loan write-off policy once again in a space of nine months, bowing down to pressures from an influential quarter. This time, banks are likely to be allowed to write off defaulted loans that have been hovering in the bad...
The government borrowed nearly Tk 280 billion from the country's banking system in more than 100 days of the current fiscal year (FY) to meet the budget deficit, partially. A falling trend in sales of national savings certificates along with a shortfall in revenue collection has led...
Stating that some banks and financial institutions are facing crisis and navigating through difficult time, experts on Thursday said, proper monitoring, policy reforms, frequent auditing and selection of good borrowers are essential for a disciplined financial market. They also stressed on corporate governance, strong monitoring of Bangladesh...
Banks’ loan recovery momentum slowed down in the second quarter of 2019 as many defaulters showed unwillingness to pay back loans to enjoy the central bank’s relaxed rescheduling facility. Between the months of April and June, Tk 5,454.25 crore was recovered, down 7.22 percent year-on-year, according to...