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Tags : default loan crisis


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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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BANKING SECTOR: Legal complexities worsen default loan crisis

The legal framework for handling non-performing loans (NPLs) in Bangladesh has become dysfunctional, allowing wilful defaulters to exploit loopholes and delay repayment, according to a report by the task force on economic reforms...