Default loans of six state banks rise alarmingly
Economy
The Financial Institutions Division has asked the top executives of state-owned banks to inform it about the measures taken to push down the default loan rate as default loans rose alarmingly during the first three months of this year.
Deputy Secretary of the Financial Institutions Division Md Jehaduddiun sent a letter to six state-run banks on Sunday in this regard.
Authorities of the six banks will inform the Division in five working days about why their default loans rose and what steps they have taken to cut it.
According to Bangladesh Bank data, more than 52 per cent of the default loans was with eight state-run banks – Tk58,667 crore as of March, up by 9.69 per cent from the previous three months.
According to the letter, the default loan of Janata Bank was Tk4,185.62 crore, Agrani Bank Tk396.57 crore, Rupali Bank Tk239.57 crore, Sonali Bank Tk176.20 crore, BASIC Bank Tk172.29 crore, and Bangladesh Development Bank Tk13.35 crore.
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