The Ernakulam district consumer disputes redressal commission has held that denying reimbursement for treatment taken after a road accident on the grounds of non-emergency constitutes unfair trade practice and deficiency in service. The ruling followed a complaint by K M Muhiyudheen of Pallari Mangalam, Ernakulam, against Oriental Insurance Company and Medisep. The complainant was seriously […]

The long-standing practice of masking defaulted loans through policy support has effectively ended following the change of government, exposing the true scale of financial stress within Bangladesh’s banking sector. With this protective layer removed, the volume of classified loans has surged into full view, pushing the total value of defaulted loans close to Tk 650,000 […]

The number of bank accounts with deposits of Tk 10 million or more in Bangladesh is steadily increasing, reflecting widening economic inequality and imbalanced income distribution. A recent report published by Bangladesh Bank shows that banks currently hold more than 128,000 accounts with deposits of at least Tk 10 million. Economists point out that as […]