• Defaults greater by way of Tk 73 thousand 586 crore in 3 months
The banking sector of the rustic is harassed with defaulted loans because of irregularities and mismanagement. Dangerous loans, referred to as financial institution poisoning, were expanding for a very long time. At the present, defaulted loans within the nation’s banks are Tk 285 thousand crores, which is 17 p.c of the entire allotted loans. This image has emerged within the up to date document of Bangladesh Financial institution’s defaulted loans.
The sphere involved mentioned that the defaulted loans exceeded Tk 284,900 crore for the primary time, highlighting the delicate state of the banking sector, which has been the sufferer of huge scandals and irregularities within the monetary sector for the previous 16 years. On the identical time, below the power of the Global Financial Fund (IMF), the actual knowledge of the banks has began to return out. Till now, the actual information of the default have been suppressed by way of the manipulation of the events. NPLs will build up additional within the October-December quarter.
In step with the knowledge of Bangladesh Financial institution, on the finish of the September quarter of this yr, the entire quantity of loans dispensed to the rustic’s banks is 16 lakh 82 thousand 821 crores. Out of this, defaulted loans stand at 2 lakh 84 thousand 977 crores or 16.93 p.c of the entire disbursement.
That is the best possible ratio of allotted loans to defaulted loans within the final 16 years. On the finish of final June quarter, defaulted loans have been 2 lakh 11 thousand 391 crores. Accordingly, defaulted loans have greater by way of Tk 73 thousand 586 crore within the final 3 months.
When Awami League got here to energy after profitable the election in 2008, the volume of defaulted loans in banks used to be 22 thousand 480 crores. After that, in 15 years right through the Awami govt, irregularities and mismanagement have been created within the banking sector. Anonymity and scams are on the upward thrust. Because of this, the volume of defaulted loans continues to extend.
On the finish of the mentioned September quarter, the volume of defaulted loans of the state-owned banks stood at 1 lakh 26 thousand 111 crores, which is 40.35 p.c in their allotted loans. The volume of defaulted loans in personal banks stands at 1 lakh 49 thousand 806 crores or 11.88 p.c of the entire allotted loans. The volume of defaulted loans of overseas banks stands at 3 thousand 245 crores or 4.99 p.c of the entire allotted loans. But even so, the volume of defaulted loans of specialised banks is 5 thousand 813 crores.
EAR/MAH/ASM
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