Nine banks incur net losses in Q1

Nine banks faced net losses in the first quarter of this year as the majority of them have been in the red for years due to wide-ranging financial scams. The banks are Bangladesh Krishi, BASIC, Rajshahi Krishi Unnayan, Padma, Bangladesh Commerce, Meghna, Bangladesh Development, ICB Islamic and NRB, data from Bangladesh Bank showed. Of the lenders, Bangladesh Krishi Bank faced