Bank and Financial Institutions Division is concerned about the performance of the state-owned commercial and specialised banks, said official sources.

Low recovery of agriculture and SME loans and slow progress of dissolving departmental cases and audit objections are the reasons behind the concern.

The monthly coordination meeting attended by heads of state-owned specialised banks and financial institutions discussed the issue, held at the finance division’s auditorium recently. Banking Division Secretary M Aslam Alam presided over the meeting.

Aslam Alam said the government has approved the re-appointment of three managing directors of the state banks.

He said managing directors should respect their responsibility which they have been bestowed upon.

Aslam told the MDs that their fitness would be evaluated on the basis of their performance in recovering default loans as per the performance contract.

According to the latest figure, 19% of total loans of the state banks are defaulted. 

At the end of June, total loan figure of six state-owned banks stands at Tk1,18,800 crore while default loan figure will be Tk22,600 crore.

At the end of June, default loans of Sonali Bank will be Tk7,432 crore, Agrani Bank Tk3,590 crore, Janata Bank Tk3,370 crore, Rupali Bank 1,090 crore and BDBL Tk409 crore.  BASIC Bank’s default loan stood at Tk6,710 crore as of March this year.

Under the performance contract, at the end of this year, Sonali Bank’s default loan will be Tk5,300 crore,  Agrani Bank Tk2,700 crore, Janata Bank Tk3,000 crore and Rupali Bank Tk1,150 crore. 

Bank and Financial Institutions Division is concerned about the performance of the state-owned commercial and specialised banks, said official sources.

Low recovery of agriculture and SME loans and slow progress of dissolving departmental cases and audit objections are the reasons behind the concern.

The monthly coordination meeting attended by heads of state-owned specialised banks and financial institutions discussed the issue, held at the finance division’s auditorium recently. Banking Division Secretary M Aslam Alam presided over the meeting.

Aslam Alam said the government has approved the re-appointment of three managing directors of the state banks.

He said managing directors should respect their responsibility which they have been bestowed upon.

Aslam told the MDs that their fitness would be evaluated on the basis of their performance in recovering default loans as per the performance contract.

According to the latest figure, 19% of total loans of the state banks are defaulted. 

At the end of June, total loan figure of six state-owned banks stands at Tk1,18,800 crore while default loan figure will be Tk22,600 crore.

At the end of June, default loans of Sonali Bank will be Tk7,432 crore, Agrani Bank Tk3,590 crore, Janata Bank Tk3,370 crore, Rupali Bank 1,090 crore and BDBL Tk409 crore.  BASIC Bank’s default loan stood at Tk6,710 crore as of March this year.

Under the performance contract, at the end of this year, Sonali Bank’s default loan will be Tk5,300 crore,  Agrani Bank Tk2,700 crore, Janata Bank Tk3,000 crore and Rupali Bank Tk1,150 crore. 

Bank and Financial Institutions Division is concerned about the performance of the state-owned commercial and specialised banks, said official sources.

Low recovery of agriculture and SME loans and slow progress of dissolving departmental cases and audit objections are the reasons behind the concern.

The monthly coordination meeting attended by heads of state-owned specialised banks and financial institutions discussed the issue, held at the finance division’s auditorium recently. Banking Division Secretary M Aslam Alam presided over the meeting.

Aslam Alam said the government has approved the re-appointment of three managing directors of the state banks.

He said managing directors should respect their responsibility which they have been bestowed upon.

Aslam told the MDs that their fitness would be evaluated on the basis of their performance in recovering default loans as per the performance contract.

According to the latest figure, 19% of total loans of the state banks are defaulted. 

At the end of June, total loan figure of six state-owned banks stands at Tk1,18,800 crore while default loan figure will be Tk22,600 crore.

At the end of June, default loans of Sonali Bank will be Tk7,432 crore, Agrani Bank Tk3,590 crore, Janata Bank Tk3,370 crore, Rupali Bank 1,090 crore and BDBL Tk409 crore.  BASIC Bank’s default loan stood at Tk6,710 crore as of March this year.

Under the performance contract, at the end of this year, Sonali Bank’s default loan will be Tk5,300 crore,  Agrani Bank Tk2,700 crore, Janata Bank Tk3,000 crore and Rupali Bank Tk1,150 crore. 

Bank and Financial Institutions Division is concerned about the performance of the state-owned commercial and specialised banks, said official sources.

Low recovery of agriculture and SME loans and slow progress of dissolving departmental cases and audit objections are the reasons behind the concern.

The monthly coordination meeting attended by heads of state-owned specialised banks and financial institutions discussed the issue, held at the finance division’s auditorium recently. Banking Division Secretary M Aslam Alam presided over the meeting.

Aslam Alam said the government has approved the re-appointment of three managing directors of the state banks.

He said managing directors should respect their responsibility which they have been bestowed upon.

Aslam told the MDs that their fitness would be evaluated on the basis of their performance in recovering default loans as per the performance contract.

According to the latest figure, 19% of total loans of the state banks are defaulted. 

At the end of June, total loan figure of six state-owned banks stands at Tk1,18,800 crore while default loan figure will be Tk22,600 crore.

At the end of June, default loans of Sonali Bank will be Tk7,432 crore, Agrani Bank Tk3,590 crore, Janata Bank Tk3,370 crore, Rupali Bank 1,090 crore and BDBL Tk409 crore.  BASIC Bank’s default loan stood at Tk6,710 crore as of March this year.

Under the performance contract, at the end of this year, Sonali Bank’s default loan will be Tk5,300 crore,  Agrani Bank Tk2,700 crore, Janata Bank Tk3,000 crore and Rupali Bank Tk1,150 crore. 

Bank and Financial Institutions Division is concerned about the performance of the state-owned commercial and specialised banks, said official sources.

Low recovery of agriculture and SME loans and slow progress of dissolving departmental cases and audit objections are the reasons behind the concern.

The monthly coordination meeting attended by heads of state-owned specialised banks and financial institutions discussed the issue, held at the finance division’s auditorium recently. Banking Division Secretary M Aslam Alam presided over the meeting.

Aslam Alam said the government has approved the re-appointment of three managing directors of the state banks.

He said managing directors should respect their responsibility which they have been bestowed upon.

Aslam told the MDs that their fitness would be evaluated on the basis of their performance in recovering default loans as per the performance contract.

According to the latest figure, 19% of total loans of the state banks are defaulted. 

At the end of June, total loan figure of six state-owned banks stands at Tk1,18,800 crore while default loan figure will be Tk22,600 crore.

At the end of June, default loans of Sonali Bank will be Tk7,432 crore, Agrani Bank Tk3,590 crore, Janata Bank Tk3,370 crore, Rupali Bank 1,090 crore and BDBL Tk409 crore.  BASIC Bank’s default loan stood at Tk6,710 crore as of March this year.

Under the performance contract, at the end of this year, Sonali Bank’s default loan will be Tk5,300 crore,  Agrani Bank Tk2,700 crore, Janata Bank Tk3,000 crore and Rupali Bank Tk1,150 crore.