Dhaka, Nov. 16 -- Bangladesh Bank has instructed all scheduled banks to urgently update loan repayment information, as aspiring MP candidates - many of them influential business and political figures - rush to clear defaults and overdue instalments to remain eligible for the upcoming national election.
Managing directors of several banks, NBFIs, and central bank officials confirmed that they are witnessing an unusual surge in applications for loan regularisation.
In response, the Credit Information Bureau (CIB) has issued a strict directive to all banks and financial institutions, requiring immediate updates of loan-related data to verify the financial eligibility of potential candidates.
According to central bank officials, even if a bo...