• Sunday, Jan 23, 2022
  • Last Update : 03:32 am

Bankers responsible for defaulted loans

  • Published at 01:05 am August 27th, 2017
  • Last updated at 02:29 am August 27th, 2017
Bankers responsible for defaulted loans
Finance Minister AMA Muhith has alleged that bankers are responsible for loan defaults as they always try to show their clients as defaulters to avoid being held accountable for loan defaults. “When a client approaches a bank for a loan, what comes first to bankers’ minds is how to show him or her as a loan defaulter. And, they do this to avoid being held responsible for loan defaults. This is a very bad culture in our banking sector,” he said. Muhith was addressing as the chief guest a workshop styled “State-owned banks and ways to tackle the prevailing challenges,” organised by Financial Institutions Division of the Finance Ministry in the Cirdap auditorium in Dhaka on Saturday. When a client seeks a loan, the bankers try to establish him or her as defaulter, he said. “Also, the bankers set terms and conditions in such a way that the client becomes a defaulter. Every bank does it. They try to show their clients as defaulters so that they need not shoulder the responsibility for loan defaults,” Muhith said, stressing the need for avoiding such tendency. He also said that overall financial condition of the country’s banks is not so good. It is a problem not only for the banking sector, but for the whole economy.” “…no bank has become bankrupt since the independence. We are running this sector in a transparent way,” the minister claimed. Md Eunusur Rahman, senior secretary to Financial Institutions Division, presided over the workshop. State Minister for Finance and Planning MA Mannan, Chairman of the Parliamentary Standing Committee on Finance Ministry Dr Abdur Razzak, Senior Secretary to Finance Division Hedayetullah Al Mamun and Bangladesh Bank Governor Fazle Kabir attended the event.
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail