Lending money from state-run banks totally unfair: Dr Ahmed Al Kabir
Ashiq Rahman: Economist and the former chairman of Rupali Bank, Dr Ahmed Al Kabir, says private banks lending from state-owned banks is totally unfair. He also thinks that it is unexpected that the private banks seek loan on a low interest from the state-run banks.
His comments came in a recent interview. Why would the state-run banks lend money to the private ones? It is not right to realize money by pressurizing the government and the latter needs to scrutinize the loan scams. He also said both the government and private banks have problems, crises and issues. However, the private banks have lesser problems. Not all private banks are in trouble. Many of the banks are doing business well and they have been profitable.
Just a handful of private banks are facing debacle and they are trying to get money from state-run banks by putting pressure on the latter. This very demand of the Bankers’ Association of Bangladesh is totally unfair. There is no such provision of granting loan under special consideration.
He, on a separate note, said it is the common will of both government and private banks to run business successfully. Competition prevails within them, and the practice will remain as well.