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Public Banks are in Near Bankruptcy September 3, 2013

Posted by bdoza in BANGLADESH.
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A special diagnostic review examination of the leading public banks by the Bangladesh Bank, the regulatory body of the country found that Sonali and Janata Bank condition is alarming and the condition of Agrani and Rupali Bank demands close observation.

BB is thinking to ask the government to supply Taka 5000 crore to the affected banks.

The main reason for the bankruptcy is the bad loans and failure of banks to collect back the loans which is thousands crore in amount.

Link: Prothom Alo

An ordinary citizen

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