While the case of PK Haldar has exposed the loopholes in the financial sector, it is not the first time such a thing has happened. In fact, bad debt and money laundering remain some of the persistent ills rotting the financial sector at its core. According to a 2020 report published by Transparency International Bangladesh (TIB), around $3.1 billion (Tk 26,400 crore) is
The Bangladesh Securities and Exchange Commission (BSEC) has requested Sonali, Rupali, Janata and Agrani banks to raise their stakes in the stock market.
NRB Bank deliberately loses Tk 103cr to favour stock gamblers thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.
Govt moves to rein in willful defaulters
Decides in principle to amend the banking companies act
The government, for the first time, has moved to define habitual defaulters, a development that may stop delinquent borrowers from running businesses, travelling abroad, and participating in social and political activities.
As part of the move, the government yesterday decided in principal to amend the banking companies act at a virtual cabinet meeting presided over by Prime Minister Sheikh Hasina.
According to the draft law, an individual will be considered a willful defaulter if he or she does not repay a loan, taken under their individual name or for their company, to banks despite being able to pay it back.