I hope he will direct us what to do," said managing director and CEO of a private bank, also on condition of anonymity. The CEO said he learnt from heads of managements of other banks that the finance minister might instruct banks about the interest rate cut, reducing the NPLs and improving key indicators of the respective banks. The incumbent finance minister also vowed to implement the higher single digit lending rate at 9% at all scheduled banks. In August last, the finance minister sat in separate meetings with public and private banks' chairmen and MDs and CEOs in this regard. The BB data show that the private sector gets a total of Tk6441.1 crore in loans from banks in the first quarter of current FY.

Source: Dhaka Tribune November 30, 2019 16:30 UTC