The central banks to ensure cheap loans going to productive sector
Star Business Report
Tue Aug 3, 2021 11:50 AM
Bangladesh Bank has asked banks to send details of clients who got loans from the government's stimulus package in order to ensure probe whether the low-cost funds went to productive sectors.
The central bank directed banks to provide detail of loan disbursement within five working days, a senior official of the Bangladesh Bank said yesterday.
"We will take stern action against the concerned banks in case of misuse of incentive loans announced by the government," he said.
The Bangladesh Bank (BB) sent letters to all banks Sunday. In the letter, the BB also asked banks to provide information about the subsidy on the interest.