Yawning default loans

IT was shocking to read a newspaper report that the default loans in the country's banking system, are fast rising. Why is this happening? It appears that the default loans are soaring because the borrowers are big businessmen who are in jail and are prevented from servicing their loans. If it keeps on like this, then the banking system of the country would stand seriously threatened fairly soon.

The government must see this danger developing and do all it can to stop this alarming rise in default loans. For at stake is the banking system or the financial future or the economy of the country.

Taimur A K Mahmud

Wari, Dhaka.