DHAKA -- Bangladesh is getting serious about dealing with bad loans in its banking industry and plans to enforce a bank resolution act later this year in an effort to stabilize the sector.
Finance
Bangladesh to tighten rules on defaults, prepares resolution act
IMF calls for bad debt disposal to gain stability in banking sector
Bangladesh Bank Gov. Ahsan H. Mansur expects the share of nonperforming loans to rise once the standards defining such loans are tightened in April. (Photos by Reuters)
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