The Centre for Policy Dialogue yesterday came down hard on the government for recapitalising the state banks despite their financial malpractices, and rescheduling the bad loans of Beximco Group. The think-tank went on to term the recapitalisation, which is being done with taxpayers’ money, as ‘nationalisation of losses’ and the rescheduling ‘denationalisation of profits’. This is not a good sign for the economy and the banking sector, Mustafizur Rahman, executive director of CPD, said at the unveiling of a report on the economic performance so far this fiscal year.