Thursday , 21 June 2018

CIB Also Listing Small Loan Defaulters

Written by: Eshan Maitra
Bangladesh Bank’s Credit Information Bureau (CIB) keeping tabs on all the big to small loan defaulters. CIB database & this whole division has been rejuvenated with newer & timely suitable strategies. From now on, CIB will keep all the credit history of the bank customers. developments are on the way, informed BB Executive Director Shuvankar Shaha. Previously, CIB only received information of a defaulter if his loan defaulting amount surpassed certain limit. That way, defaulters could collect loans from multiple banks & stay unnoticed under such certain defaulting limits. CIB were more dependent on the banks.But, from now on CIB will have tab on full credit history of anyone who collects loan from bank. That way, CIB can always verify the loan-collector’s background for legitimacy & credibility. CIB will also collect mortgage & land ownership information. Many researchers & experts are welcoming this initiation for reducing the number of loan defaulters.

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