Bangladesh Bank governor Atiur Rahman on Wednesday asked the senior officials of the central bank’s inspection- and supervision-related departments to take immediate measures to curb the increased trend in the defaulted loans in the banking sector. The BB governor made the directive at an internal meeting held at the central bank headquarters in the capital while BB deputy governor Nazneen Sultana, executive directors and general managers of the supervision- and inspection-related departments were present.
The defaulted loans in the banking sector increased to Tk 57,290.89 crore as of September 30, 2014 from Tk 40,583.01 crore as of December 31, 2013.
The classified loans reached 11.60 per cent of the total outstanding loans of Tk 4,93,752.77 crore in the banking sector as of September 30, 2014, the BB data showed.
The BB governor asked the officials to conduct inspections at the scheduled banks accurately so that financial scams and fraudulent acts could be avoided.
He also asked the officials to monitor on daily basis what steps the banks were taking to bring down the defaulted loans.
Atiur also wanted recovery of a significant amount of defaulted loans by this month.
A BB official told New Age on Wednesday that defaulted loans had recently increased as some large corporate groups had embezzled huge amount of fund from a number of banks in cooperation with officials concerned of the banks.
-With New Age input
