The government is preparing a list of all the top loan defaulters in the individual and organisational categories, Finance Minister Abul Hassan Mahmood Ali today told parliament

The man eager to pay back his debt is becoming a rarity. Yet, he represents the hardworking, honest Bangladesh that can bring real change to the system.

The cabinet yesterday cleared the draft Bank Company (Amendment) Act, 2023 that would usher in major consequences for habitual loan defaulters and restrict the influence of families on the bank board.

The rise in the prices of goods has led to many people suffering from a silent famine.

Why is it that small debtors suffer while big defaulters walk free?

Will big loan defaulters continue to be untouched?

Is the central bank enabling loan defaulters with its policies?

Habitual loan defaulters, or the public?

The term habitual defaulter is often thrown around casually, without any proper definition. But the government has now spelt out what habitual default is in a draft act, in what can be viewed as a commendable act by Finance Minister AHM Mustafa Kamal.

In a reversal of its stance, Bangladesh Bank yesterday paved the way for 11 large business groups to reschedule their loans even though they restructured their loans four years ago on condition of regular repayments.

Half of the defaulted bank loans amounting to Tk 50,942 crore is with top 300 borrowers, Finance Minister AHM Mustafa Kamal told parliament yesterday, blaming banks for not choosing borrowers wisely.

The High Court yesterday observed that the country’s banking sector is no longer business-friendly, rather banks have become organisations of usurers.

The High Court has halted the privilege of loan defaulters to secure further loans by giving a 2 per cent down payment until June 23.