The Bangladesh Bank on Thursday asked the non-bank financial institutions to submit to it the latest information about the top-10 loan or lease defaulters every quarter.
A circular of the BB Department of Financial Institutions and Markets also gave a specific table to be used by the NBFIs in preparing the reports.
The directive comes into effect from the last quarter that ended on June 30. The circular said the NBFIs should submit a soft and a hard copy of the report for the April-June quarter to the central bank by August 15.
In a separate circular on Thursday the BB directed the NBFIs to submit detailed information about the cases lodged against their loan or lease defaulters with the Money Loan Courts in a specific table provided by the central bank every six months.
‘The detailed information about the cases filed, under trail, and disposed of in the January-June period should be submitted to the BB by August 20,’ the circular said.
The NBFIs on the day received a third circular from the central bank, asking each of them to set up a complaint cell at its head office for speedy resolution of complaints lodged by its clients against its services.
The NBFIs have to form the complaint cells within a month and inform the BB the details about the cell members.
-With New Age input
