Dhaka, July 5 -- Breakthroughs beckon in a current crash course in cleansing piles of non-performing loans as the government-formed loan -recovery committee has settled at least 60 cases worth more than Tk3.0-billion borrowings while corporates queueing up, insiders said.

After its 13 meetings in last five months, the committee is also on track to settle some other big cases within next couple of meetings, said committee members.

Members of the Bangladesh Bank-formed committee said Saturday they had already recommended at least 60 cases for settlement in different case-specific ways, like allowing defaulters loan-rescheduling opportunity for the last time with a guarantee of repayment, extending the loan-repayment period, and interest w...