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Tags : bad loan recovery


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BB plans tougher steps as bad loan recovery elusive

The Bangladesh Bank has intensified efforts to contain the country’s mounting default loan crisis through a series of regulatory, legal and policy measures, but economic weakness, lengthy legal processes and poor recovery rates continue to pose major obstacles to meaningful improvement...

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BB now focuses on mediation for bad loan recovery

The Bangladesh Bank on Sunday instructed banks to give more emphasis on mediation for recovering defaulted loans amid the existing other policies’ ineffectiveness in addressing the issue of bad loans...