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Task force in banks for realizing outstanding loans

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December 8, 2000 

Dhaka--(UNB)- A meeting of Parliamentary Standing Committee on Finance Ministry reviewed the banking sector scenario yesterday.

It discussed, among other things, bank deposit, loan or advance, classified loan, default on repayment of loans and steps taken against the defaulters and measures to realize the loans.

The meeting also focused on loan disbursement and realization processes and emphasized the need for ending default culture. It also called for bringing down the loan default to 20 percent from existing 39 percent.

The meeting was told that a task force was formed in each scheduled bank headed by the respective Managing Directors for realization of outstanding loans and a high-level task force headed by Deputy Governor of Bangladesh Bank has been formed to supervise their activities.

A task force was also formed in each regional office of the Bangladesh Bank to expedite the field level realization of loans.

The meeting called for ensuring security of the deposited money and bringing down the amount of the classified loan.

Chaired by committee chairman Prof M Ashraf Ali at Sangsad Bhaban the meeting was attended by committee members Alhaj Syed Masud Reza, Alhaj M Karimuddin (Bharasha) and MK Anwar.

Finance Minister SAMS Kibria was present on special invitation.

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