May 18, 2024
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Household savings decline due to rising home, auto, personal loans

  • May 9, 2024

New Delhi: Household savings are estimated to have declined for the third year in a row in FY24 as liabilities on account of interest towards housing and vehicle loans have continued to rise, but the trend could reverse in 2024-25 on account of the impact of RBI’s curbs on personal loan. The net household savings

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Loans

Default loans see steep surge in 2023 amid business slowdown

  • February 14, 2024

Default loans surge by Tk25,000cr, standing at Tk1.45 lakh crore in December, accounting for 9% of the total loans   The country’s banking sector experienced a steep rise in default loans by Tk25,000 crore in 2023 amid election-centric political uncertainties and a severe dollar shortage that slowed down business activities, making many borrowers unable to

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