BB takes 18-month action plan to tackle soaring NPLs
Dhaka, Aug. 6 -- Around 36 percent of the total loans disbursed in the country's banking sector are currently non-performing, posing a major risk to the financial sector, Bangladesh Bank (BB) Governor Md Mostaqur Rahman said on Thursday.
To tackle the crisis, the central bank has adopted an 18-month special action plan aimed at reducing non-performing loans (NPLs) and stabilising the banking sector, he said while speaking as the chief guest at a seminar on Bangla QR Code at Dhaka University.
Bangladesh Bank cuts repo rate by 50 bps to 9.50% to spur investment, economic recovery
The central bank chief stated that around 2 crore depositors were affected due to various irregularities during the tenure of the previous government.
He empha...
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