Rise of default loans
Friday, 24 August 2007
A newspaper reported that the default loans in the country's banking system, are rising fast. According to that report, the total amount of default loans was some 464.9 billion taka till the end of June of the present year
It is alleged that the default loans are raising because some of the loan takers are big businessmen who are in jail and are prevented from servicing their loans. According to this line of thinking, if it keeps on like this, then the banking system of the country would stand threatened fairly soon.
Government is expected to see this danger developing and do all it can to stop the rise in default loans. For it is considered in some quarters that at stake is the banking system of the country.
Taimur A K Mahmud
Wari
Dhaka
It is alleged that the default loans are raising because some of the loan takers are big businessmen who are in jail and are prevented from servicing their loans. According to this line of thinking, if it keeps on like this, then the banking system of the country would stand threatened fairly soon.
Government is expected to see this danger developing and do all it can to stop the rise in default loans. For it is considered in some quarters that at stake is the banking system of the country.
Taimur A K Mahmud
Wari
Dhaka