"On February 6, Bangladesh Bank will sit with the law commission and the managing directors of scheduled banks in this regard." He also said that the relevant laws should be amended to help reduce NPLs. Recently, the government asked the central bank to undertake banking sector reforms for implementing election pledges of the Awami League, which includes reducing non-performing loans in the country’s banking sector. The Financial Institution Division under the Ministry of Finance (MoF) on January 3 directed Bangladesh Bank in this regard, to restore financial discipline in the economy, as well as to strengthen the sector. According to recent Bangladesh Bank data, the amount of NPLs stood at Tk99,370 crore, or 11.45% of disbursed loans as of September, 2018.

Source: Dhaka Tribune January 26, 2019 16:18 UTC