The Financial Institutions Division of the Ministry of Finance is currently reviewing the legal aspects of disclosing the names of top loan defaulters in the country. The FID secretary further said that they have been trying their best to incorporate all of the major recommendations. Moreover, technological capacity may proceed to increase in remote branches of these state-run banks, for smooth operation. Furthermore, the state-owned bank authority should reward regular borrowers, while taking legal actions against loan defaulters, according to one of the recommendations. In the last four years, the government has disbursed a total of Tk9,639cr to meet the capital shortfall in the eight state-owned banks.

Source: Dhaka Tribune October 11, 2017 05:48 UTC