Banks’ provision shortfall widens

The provision base of the banks in Bangladesh deteriorated heavily in the first quarter of 2021 because of the surging bad loans, highlighting the worsening health of the banking industry. The shortfall ballooned more than 42 times to Tk 5,228 crore in March compared to Tk 123 crore three months ago, data from Bangladesh Bank showed. The deficit was up 45 per cent