Category: Janata Bank

State-owned Janata Bank in serious crisis amid massive bad loans

As of December 2023, Janata Bank, a state-owned institution in Bangladesh, finds itself grappling with a significant financial crisis. The bank has disbursed loans amounting to Tk 91,158 crores (US$10.6 billion), with a staggering 76.33 percent (Tk 69,584 crores equivalent to US$8.1 billion) allocated to just 19 customers. The concentration of such a vast amount […]