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Default Loans Hit Record Tk 3.45 Lakh Crore: A Banking Crisis in Bangladesh

Default Loans Hit Record Tk 3.45 Lakh Crore: A Banking Crisis in Bangladesh

Bangladesh, business, Crime, E-Commerce, English
Default Loans Hit Record Tk 3.45 Lakh Crore: A Banking Crisis in Bangladesh The volume of default loans in Bangladesh has reached a record-high Tk 3.45 lakh crore by December 2024, marking a significant rise of Tk 2 lakh crore in just one year. This unprecedented surge in non-performing loans (NPLs) has raised serious concerns about the banking sector's stability and the country's overall economic health. Default Loans Hit Record Tk 3.45 Lakh Crore: A Banking Crisis in Bangladesh   The Alarming Growth of Default Loans According to Bangladesh Bank (BB) data, NPLs stood at Tk 2,84,977 crore in September 2024, a steep increase from Tk 2,11,391 crore in June and Tk 1,45,633 crore in December 2023. The rise in default loans has exposed systemic corruption and financial mismanage...
Social Islami Bank’s Uttara and Garib-E-Newaz Avenue Branches Organize Customer Gathering

Social Islami Bank’s Uttara and Garib-E-Newaz Avenue Branches Organize Customer Gathering

Bangladesh, business
On February 5, a customer gathering was organized by the Uttara and Garib-E-Newaz Avenue branches of Social Islami Bank. The event was graced by the presence of the bank's Acting Managing Director, Mr. Md. Nazmus Sayadat, as the chief guest. The meeting, presided over by the Manager of the Uttara Branch, Mr. Md. Aminul Islam, was attended by Mr. Muhammad Mizanul Kabir, Head of the Special Asset Management Division; Mr. Mohammad Mosleh Uddin, Head of the Logistic Support Division; Mr. ATM Sakhawat Hossain, VP of the Human Resource Division; Mr. Md. Al-Masud, Head of the Trade Finance and RMG Division; Mr. A.K.M. Sajjad Hossain, Manager of the Garib-E-Newaz Avenue Branch, along with other senior officials. More than 300 customers participated in the gathering, expressing their satisfactio...
Inauguration of Tarjuman Publications Stall in Dhaka

Inauguration of Tarjuman Publications Stall in Dhaka

business, Entertainment
The stall of Tarjuman Publications, operated by Anjuman-e-Rahmaniya Ahmadiyya Sunnia Trust, one of the leading Islamic book publishers, has been inaugurated at the Amar Ekushey Book Fair organized by the Bangla Academy in Dhaka. The stall (stall number 1057) was inaugurated by Advocate Mosaheb Uddin Bakhteyar, the spokesperson of the organization, near the visitor's market adjacent to the Bangla Academy. The inaugural event was attended by Mohammad Mahiyuddin, Secretary of Central Anjuman’s Press & Publication, Peyar Mohammad, former chairman of the Central Committee of Gausia Committee, Abdul Malek Bulbul, President of Dhaka Gausia Committee, Mohammad Hossain, General Secretary, Golam Kibriya, Assistant Secretary of Dhaka Anjuman, Muhammad Mohsin, Publicity Secretary of Dhaka An...