Dhaka, June 9 -- The government and Bangladesh Bank have undertaken a series of measures to address rising non-performing loans (NPLs), loan fraud, money laundering and risks stemming from irregular lending to influential borrowers, Finance Minister Amir Khosru Mahmud Chowdhury told Parliament on Tuesday.

He said the authorities were taking action against major loan defaulters while implementing measures to ensure the safety of depositors' funds and restore public confidence in the banking sector.

The finance minister made the remarks in a written reply to a question from opposition lawmaker Hafez Muhammad Rabiul Bashar elected from Satkhira-3 constituency.

Responding to a query on government initiatives to address financial risks aris...