Dhaka, Sept. 1 -- Prime Minister Sheikh Hasina on Sunday said steps are being taken to bring down bank loan interest to single digit in all banks, noting that higher interest rate naturally causes loan defaults.

"We want to bring it (bank loan interest rate) down to single digit. In the meantime, we've taken appropriate measurers so that investment becomes easy," she said while handing over the prestigious National Export Trophy in Dhaka.

said investing with higher interest rate loan very naturally transforms into loan defaulters. "Because it's not possible to build an industry just after taking money (from banks)," she said.

The Prime Minister gave awards to 66 companies for their extraordinary performance in the country's export earn...