Bangladesh Bank’s banking sector reform roadmap of last week will come to no use if the implementation failures of previous roadmaps cannot be understood, said eminent economist Wahiduddin Mahmud yesterday.
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The Bangladesh Bank yesterday unveiled its roadmap for reining in the runaway defaulted loans to a reasonable level and bringing in good governance to the banking sector, which is progressively becoming an Achilles heel of the economy.
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Defaulted loans at non-bank financial institutions (NBFIs) accounted for a record 30 percent of disbursed loans, indicating a fragile situation in the sector due to widespread loan irregularities and scams.