DHAKA: Dr. M. Aslam Alam, Secretary, Bank and Financial Institutions Division, Ministry of Finance (BFID), directed the state-run banks for bringing down the default loan amount.

He came up with the directives in a meeting with chief executive of state-run Sonali, Rupali, Agrani, Janata and Basic banks on February 10 at Finance Ministry’s Bank and Financial Institutions division.

Other senior officers of the division were present in the meeting.

Meeting sources said banks were suggested to reduce bad loan amount and asked to be more responsible in sanctioning loans.

The chiefs of banks also were asked to sanction quality loans.

It is mentionable that bad loans sanctioned by five state-run banks have rocketed to Tk 22,263-crore which was 22.23 percent of the disbursed loan after December last year.

BDST: 1346 HRS, FEB 11, 2015