Dhaka, Bangladesh (BBN)– The central bank of Bangladesh has asked all non-banking financial institutions (NBFIs) to properly submit information on classified loans to the returning officials for identifying the loan defaulters ahead of the district council elections.
Under the existing Zila Parishad Act, the loan defaulters are unqualified for participating in the elections, scheduled to be held on December 28.
The NBFIs’ officials concerned have also been directed to remain present in their offices from the last date of submitting nomination papers until completion of their scrutiny, according to a circular, issued by the Department of Financial Institutions and Market of Bangladesh Bank (BB) on Sunday.
Talking to BBN, a BB senior official said another circular in this regard will be issued for the banks soon.
Currently, 32 NBFIs are running their business across the country.
BBN/SSR/AD