Bangladesh, Aug. 25 -- With around 70 per cent of loans going default, the state-run Janata Bank has now been asked to take a borrower-wise, time-bound resolution plan for every large account to recover the funds.

Advertisement The directive was given recently at a meeting between officials of the Financial Institutions Division (FID) and the board of directors and top management of the bank at the Bangladesh Secretariat, officials said.

The FID is holding meetings with the authorities of the state-run banks to review their overall financial and operational situation, recent progress, existing problems and prospects, and ongoing banking sector reforms.

The meeting, chaired by FID Secretary Nazma Mobarek, also asked the bank authoritie...