November 17, 2024, 9:48 pm
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Default loans hit record Tk2.85 lakh cr

  • Update Time : Sunday, November 17, 2024
  • 2 Time View

Share of sour loans hit 16-year high of 16.93%

TDS Desk

Default loans in the banking sector hit Tk2.85 lakh crore for the first time in the country’s history by the end of last month, and the share of sour loans in total disbursals also hit 16-year high at nearly 17%.

The huge accumulation of default loans can be almost entirely attributed to the gross violations of regulations during the ousted Awami League regime, as crony capitalists borrowed massively.

 

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