The operations of any business are dependent on timely and accurate financial reporting to ensure the selections in regards to the direction and strategies of the business are accurate. And this is fairly clear to see, as among the many eight state-owned banks, forty privately-owned banks and 9 international-owned banks, nonperforming loans (NPLs) stood at Tk eighty,397 crore as of September 2017, based on Bangladesh Bank (BB) figures. That’s 10.sixty seven % of all outstanding loans. And if restructured or rescheduled loans were included, NPL in the banking sector goes up even more—a mammoth 17 p.c of total excellent loans. Like earlier years, state banks have been once more the worst performers last 12 months as NPL of the eight state-owned banks stood at Tk 44,126 crore or fifty five percent of the overall.
In India, the foreign money notes are issued by the Reserve Financial institution of India (RBI), …