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Default loans hit 126 crore

By :The Report Desk
Published : Jun 22, 2022 11:16:00 PM | Business

The amount of defaulted loans in the country is Tk 126,369 crore, revealed Finance Minister AHM Mustafa Kamal on Wednesday.

PPlus, another Tk 21,046 crore is stuck due to the order of the high court, as banks and financial institutions are not able to realise, reports UNB.

The minister was responding to a tabled question from ruling party lawmaker elected from Chattogram M Abdul Latif.

He said that the amount of defaulted loans of all banks and financial institutions of the country in the CIB database till March 2022 is Tk 1,26,389 crore. 

Highlighting the steps taken by the government to identify defaulting customers and bring them under the law, the finance minister said that cases were being filed against loan defaulters.

He said that a defaulter of one bank cannot take loan from another bank. Banks have been advised to use alternative dispute resolution methods to recover loans.

He also said that the Bank Company Act will be amended where intentional loan defaulters will fave various types of restricts.