Four state-run banks in Bangladesh are finding it difficult to recoup loans from their top 20 defaulters, a failure that has worsened their financial health and squeezed their capacity further to lend.

It is quite intriguing how the RPA amendment can be so accommodating to defaulters who are desperate to gain political power.

Beleaguered Sri Lankan President Gotabaya Rajapaksa has named a 17-member cabinet, despite growing calls for his resignation, according to the BBC.

The Transparency International Bangladesh (TIB) has called upon Bangladesh Bank to refrain from a self-defeating move that would grant a top-ranking defaulter for rescheduling Tk 430cr loan.

Over the first nine months of 2018, banks waived interests worth Tk 422.14 crore on nonperforming loans (NPLs). This practice has been the norm over the past few years which has had no positive impact on getting habitual defaulters to pay back their loans.

The Daily Star report has found that this person has also taken loans amounting to about Tk 1 crore from colleagues on an informal basis. This indicates that people in his workplace were aware of his incorrigible habit of taking money and not repaying it. Why did they not report him?

Recently, in Davos at the World Economic Forum, the Governor of the Reserve Bank of India, Raghuram Rajan sent a strong message to the Indian businessmen who default thousands of crores of bank money...

Krishak Sramik Janata League President Abdul Kader Siddique claims that state-run Agrani Bank made him a loan defaulter with tricks to have his nomination paper filed for contesting Tangail-4 by-polls cancelled.