Regulatory Alerts2024-05-21
Added
CIB Circular No. 01: Regarding submission of information related to Willful Defaulter in CIB Database
All scheduled banks and finance companies operating in Bangladesh are directed to report information regarding identified Willful Defaulters to the Credit Information Bureau (CIB) database. This reporting must be conducted via bulk or real-time entry starting July 1, 2024, based on data as of June 30, 2024. The existing default status domain table is replaced with a new table that distinguishes between general defaulters and willful defaulters using specific codes.
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