BB to appoint mediators to recover defaulted loans
Bangladesh Bank has taken a new initiative to boost the recovery of defaulted loans for banks and financial institutions. From now on, the central bank will appoint specialized mediating institutions under an Alternative Dispute Resolution (ADR) framework. These institutions will form multiple panels to work on recovering outstanding loans. Political or influential individuals cannot be part...…
We haven't written up this one. Dhaka Tribune Business has the full story — the link below goes straight to it.
