Bangladesh, Feb. 10 -- Each and every bank of the country is expected to come under a kind of special auditing system. Finance Minister AHM Mustafa Kamal has recently announced the decision of the government in order to bring loan defaulters under close scrutiny.
The minister said the main purpose of such auditing is to help the banks get rid of bad loans. The government needs to identify who are the genuine borrowers and who are the wilful defaulters. It should monitor how the bank loans are being used. Three auditing firms will be engaged to conduct this special auditing.
The central bank's latest move came against the backdrop of the rising trend in loan defaults in the country's banking system.
There is no denying the fact that neces...