BASIC News
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Banks’ provision shortfall widens
The provision foot of the banks in Bangladesh deteriorated heavily in the first quarter of 2021 as a result of...
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Recovering bad loans is top priority: new BASIC Bank chair
No stone will be left unturned to recover the Tk 7,689 crore default loans and persons mixed up in scams...
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Govt to inject another Tk 1,500cr
State banks can keep on expecting to be coddled despite their continued financial irregularities and irresponsible lending practices, with the...
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BASIC drowning in default loans
BASIC Bank continues to be overwhelmed with default loans despite going on a loan rescheduling spree, with the scam-hit bank...
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BB's intervention fails to stabilise exchange rate
The foreign exchange market has been going through volatility because of the widening demand-supply gap of US dollars amid high...
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Seven banks in 'red zone'
The central bank is concerned about seven banks, including three state-run lenders, for their deteriorating financial health stemming largely from...
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13 banks face Tk 10,971cr provision deficit
Thirteen banks faced a combined provisioning shortfall of Tk 10,971 crore in the second quarter of 2018 which not only...
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BASIC Bank's losses widen for bad loans
The rising nonperforming loans have continued to widen the loss of the scam-hit BASIC Bank.In the six months to June...