JS body for implementing single digit interest rate in banks

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DHAKA, April 15, 2019 (BSS) – The Parliamentary Standing Committee on Public Undertakings today suggested Bangladesh Bank and scheduled banks taking effective steps to implement the single digit interest rate in the banks.

The recommendation was made at the 3rd meeting of the committee held at the Jatiya Sangsad (JS) Bhaban with its Chairman ASM Feroz in the chair, said a press release.

Committee members Mostafizur Rahman, Narayon Chandra Chanda, Md Mahbubul Alam Hanif, Mirza Azam and Muhammad Nazrul Islam attended the meeting.

The meeting held discussion on measures taken by Bangladesh Bank and other state-owned banks to reopen closed and inoperative mills and realize classified loans.

The parliamentary watchdog was informed that so far 279 garment industries and 411 non textile institutions were identified as sick industries.

According to available information, The Finance Ministry has declared a special flexible loan payment package, including subsidiary in interest, for 426 industries (non-textile). Under the package, most of the loans have been settled.

The Bangladesh Bank deputy governor and other officials concerned were present at the meeting, among others.

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