Dhaka, Oct. 21 -- Because of serious liquidity crunch, seven more non-banking financial institutions (NBFIs) are now in a vulnerable state due to the widespread corruption, irregularities, mismanagement and the rising trend of non-performing loans. Currently, these financial institutions are facing severe financial constraints to pay the depositors' money and to operate the organisations' business accordingly.
Media report in a national daily on Tuesday said that directors of the seven NBFIs have taken loans around Tk 6000 crore from the organizations without showing regard to rules and regulations. Even they have not given any collateral while taking loans. So the entire money now stands as defaulted loans. According to the report, during...