Govt borrowing from commercial banks on rise

The government borrowing from the commercial banks increased to Tk 20,453.30 crore in the first 10 months and 26 days of the current fiscal year as the government started borrowing heavily at the last stage of its tenure to meet up its budgetary allocation, said officials of Bangladesh Bank.
According to the latest BB data released on Thursday,

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11 banks hold 74.25pc classified loan

The country’s 11 banks held 74.25 per cent default loans of the banking sector as of December 31, 2012 as a significant amount of loans has been classified by the banks due to recent banking scams, said Bangladesh Bank officials. The 11 banks including four state-owned banks and three specialised banks are Sonali Bank, Janata Bank, Agrani Bank, Rupali Bank, Bangladesh Krishi Bank,

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