Bangladesh, Jan. 21 -- Stressing the need for reducing the volume of non-performing loans (NPLs) in the banking sector, a leading trade body fears that soaring defaulted loans would increase the cost of doing business.
The Dhaka Chamber of Commerce and Industry (DCCI) also suggested figuring out wilful loan defaulters to help bring down the volume of NPLs in the banking system.
DCCI president Shams Mahmud made the suggestions at a press conference held at its office on Monday.
"To control NPLs, we suggest figuring out wilful defaulters. If someone fails to repay his loan due to delayed power or energy connections, he should not be considered as wilful defaulters," he said.
He added: "We have to have a secondary bond market. We welcome t...