Bangladesh, July 8 -- When influential borrowers deliberately refuse to repay their loans despite having the financial ability to do so, they become willful defaulters. This practice is not merely a banking problem; it is a serious economic disease that gradually weakens the financial foundation of a nation.

Therefore, it is rightly said that willful default loans are a very dangerous poison to the economy. A healthy banking system is the backbone of every modern economy.

Banks collect deposits from millions of people and channel those funds into productive investments through loans. When borrowers repay their loans on time, the banking system remains stable, businesses expand, employment grows, and economic development accelerates.

A...