Bangladesh, Sept. 18 -- Finance Minister AHM Mustafa Kamal said on Tuesday they would bring necessary changes in the existing laws to prevent possible buildup of bad loans in the state-owned commercial banks (SoCBs).
He said they analysed the past records of non-performing loans (NPLs) in those banks and found that the state-owned lenders faced difficulties with settling the bad loans due to legal complexities.
"So, we have decided to bring required changes in the existing laws to rid the banks and financial institutions of the malaise," the minister told newsmen after a meeting with the high-ups of the state-operated four banks.
The meeting was held at the National Economic Council (NEC) conference hall in the capital with the topbrass ...