The state-owned banks have now decided to acquire a large amount of loan taken by the financially-troubled Navana Group. The group's balance sheet will be improved as loans will go to the state-owned banks from financial institutions. Bangladesh Bank Executive Director Serajul Islam said a meeting was held between Bangladesh Bank and the state-owned banks on the Navana Group issue. This translates to the fact that the relationship between state-owned banks and financial institutions is better than that of state-owned banks and private banks. Bangladesh Bank Spokesperson Serajul Islam said: “Two departments of the Bangladesh Bank are still working.

Source: Dhaka Tribune July 05, 2020 17:15 UTC