Bangladesh Bank has reviewed the submission of updated financial report of non-bank financial institutions (NBFIs) on a quarterly basis.
The central bank has issued a master circular in this regard on Monday after revising different rules and regulations with up gradation policy of loan or lease classification.
Department of Financial Institutions and Markets (DFIM) of BB issued the master circular to bring all kinds of loans and investment under strong monitoring and supervision.
The circular has prescribed the definition of different loans, their terms and definition of loan classification in order to bring all the loans under specific category, an official DFIM said.
As a result, within a short time BB can find out which loans’ installment are not realising regularly and who are becoming defaulter, sources said.