Dhaka, March 1 -- The alarming surge in non-performing loans (NPLs) within Bangladesh's banking sector, now standing at Tk 3,45,765 crore, signals a deepening crisis that demands urgent attention.
Our newspaper on Thursday reported that representing 20.2 per cent of total outstanding loans, this figure is not merely a statistic; it reflects a systemic failure that has been years in the making.
The recent data from Bangladesh Bank reveals a staggering increase of Tk 2 lakh crore in defaulted loans over the past year alone. This dramatic rise can be traced back to a culture of opacity and mismanagement that has plagued the banking sector, particularly during the tenure of the previous Awami League government. Allegations of preferential tre...