The list of major creditors will be published in the magazine

It is necessary to formulate a policy to prevent the fraud against possessing a property as a security against mortgages. It is recommended that a central database be formed under the policy, so that banks can utilize this database information before lending them. Besides, the recommendations for publication of the list of major loan disbursements were highlighted.
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Ministry of Finance Ministry's Finance Ministry on Wednesday. In the chairmanship of Yunusur Rahman, this recommendation came in a meeting titled 'Status of Challenges in the State: Review of the Status of Challenges in the Bank.' In the same meeting, before recommending loans to the banks, the recommendation of creditworthiness or loan rating of the borrower may be specified.

Senior officials of Sonali, Janata, Agrani, Rupali, Basic, BDBL, Krishi Bank and Rakab along with Managing Director (MD) were present in the meeting. The follow-up meeting yesterday was the workshop on the same issue organized by the Financial Institutions Division on August 26 at the CIRDAP auditorium of the capital.

After the meeting, Secretary Yunusur Rahman told reporters, "There is discussion, some recommendations have also come. They will be presented to the Finance Minister. Then I hope some policy or decision will come. '

In the meeting yesterday, it was recommended to improve the deposit verification process and to better analyze the credit risk against the debt offer. It is also recommended to amend the rate that the borrower has to pay for the current capital to get the current capital.

In the work sheet presented, the state-owned banks will have to make arrangements for 'rewarding good deeds and punishment for evil deeds'. This means that incentives should be provided for the disbursement of good credit and bad credit and punishment for bad credit distribution and failure to pay the loan.

Apart from this, Bangladesh Bank's instructions on approval and distribution of loan proposals have to be regularly reviewed. In order to open a bank account, the form known to your customer (KYC) has to be compulsory. In addition to the borrowers, central KYC or CYC can be implemented under the supervision of Bangladesh Bank.

In the meeting, recommendations were made to set up a separate monitoring system for more than 100 crore loan defaulters. It has been said that the formation of management of central lending management led by the Bangladesh Bank is now necessary.

It has been said in the working paper that the Board of Directors of each bank will evaluate the implementation progress of the index for every three months, with the determination of the target of the various indicators for that bank. On the other hand, a separate bench should be formed to settle the cases in the High Court.

It has been suggested to arrange regular training on the responsibilities of the directors engaged in banks and financial institutions and in the meeting, and the Bangladesh Bank can take necessary action.

In August's workshop, the finance minister said, "In the private bank, where 10 to 11 percent of the defaults, I am ashamed that 27 percent of the state-owned banks are still in the bank. To be aware of this, the finance minister said, "You will have to try to earn this money."