80pc of NPL are deliberate, banking conference speakers say

Wahiduddin Mahmud, former adviser to the interim government on planning and education, said Bangladesh’s banking sector was initially damaged by a culture of loan defaults. The sector later managed to move away from that practice, but after 2010, it fell into a new culture of “looting banks.”This, he said, had brought the financial sector to its current dire state.He made the remarks at the…