Political turmoil still blamed for rescheduling of bank loans Many business organisations have been pressing the central bank for rescheduling their default loans saying that their business still suffers from the spillover effects of political unrest in 2013 and 2014. Though the loan defaulters had earlier enjoyed a relaxed loan

Incentive cuts anger BB officials The board of the central bank decided to give incentives four times the basic salary of the BB officials for the financial year 2015-16 instead of the existing practice of five times. The decision came at the board meeting held on Monday at the central

IMF queries rising NPLs in banks A visiting International Monetary Fund (IMF) delegation queried the reasons behind the surge in non-performing loans (NPLs) in the banking system of Bangladesh. The query was made at a meeting with senior officials of the Bangladesh Bank (BB) Monday, according to the central bank

Classified loans leap to BDT 143.6 billion in 9 months Loads of classified loans in the country’s banking sector have leapt by nearly 28.0% or `BDT 143.6 billion in the first nine months of the current calendar year, belying close monitoring by the central bank. The volume of non-performing loans

BB warns nine new banks on bad loans The central bank yesterday cautioned nine new banks over aggressive lending and rising nonperforming loans. Bangladesh Bank Governor Fazle Kabir chaired the meeting attended by the chief executives of these banks, which came into the market in 2013. “We have asked these