It is alleged that a group of politically-connected people took out large loans from state-owned commercial banks (SOCBs) and intentionally defaulted on them.

Why has no investigation taken place to explore on which grounds and for whose benefit the lion’s share of the climate fund was deposited in the Farmers Bank?

There are two major economic problems that have been plaguing Bangladesh for a long time: Rising non-performing loans (NPLs), and money getting laundered out of the country.

Defaulted loans crept up last year despite the government’s attempts to subdue them -- by hook or by crook.

Banks rescheduled a record amount of defaulted loans last year as part of their efforts to contain bad debt and show hefty profit.

Asian Development Bank is poised to provide financial support to the government to form a public asset management company (PAMC) with a view to arresting the upward trend of defaulted loans.