Default loans in six non-bank financial institutions (NBFIs) more than doubled in just three months from December 2020 to March 2021 as the central bank withdrew loan repayment exemption.
The organizations are MIDAS Financing Limited, National Finance Ltd, CVC Finance Limited, Hajj Finance Company Limited, Uttara Finance and Investments Limited and Premier Leasing and Finance Limited.
By the end of March, the total default loans of the NBFIs amounted to Tk 1,649 crore.
According to the Bangladesh Bank, NBFIs recorded Tk 66,962 crore disbursed loans at the end of March, with 15.5 per cent of it being classified loans. Among 34 NBFIs, 16 are entangled in huge default loans.
Source: The Business Standard