Faruq Mainuddin Ahmed, managing director of Trust ..

6 yrs

Faruq Mainuddin Ahmed, managing director of Trust Bank, said offering rescheduling facility to habitual defaulters is an injustice to good borrowers.

It is not expected that the amount of defaulted loans would be brought down in an artificial way, he noted.

Syed Mahbubur Rahman, managing director of Mutual Trust Bank, said lenders should not reschedule bad loans to get immediate results, rather they should allow defaulters to regularise NPLs based on cashflow of enterprises.

The relaxed rescheduling facility, however, helped banks recover part of the NPLs, he said adding that the lenders had earlier failed to recover any money from defaulters.