<div><span style="font-size: 1rem;"><b>Bangladesh Bank (BB) has set a harsh 11-point roadmap to realise default loans and ensure good governance in bank operations.</b></span><br></div><div><br></div><div>The central bank board meeting on Sunday approved this roadmap for establishing good corporate governance in banks along with a guideline for reducing huge amounts of default loans, Deputy Governor of BB Abu Farah Md Nasser told UNB.</div><div><br></div><div>The BB governor Abdur Rouf Talukder presided over the meeting.</div><div>Nasser said that the defaulters would be deprived of various benefits such disqualification in buying new land, house, car, or even open a new business.</div><div><br></div><div>“The board of directors has taken such harsh decision to reduce overall defaulted loans to 8 percent, state-owned bank defaulted loans ratio to reduce by 10 percent and 5 percent respectively, and reducing fraud, disguise and limit cross loan disbursement to zero level,” said Nasser.</div><div><br></div><div>The BB introduced a new rule to keep 100 percent provision before the write-off loan defaulted for 2 years from the 3 years. As a result, the Tk43300 crore bad loans will be reduced, reports UNB</div><div><br></div><div>A bank has to form a unit in coordination of the bank’s managing director to realize the write-off loans, he said.</div><div><br></div><div>The stressed asset (defaulted loans) is to be shown in a separate balance sheet until realization of the loan.&nbsp;</div><div><br></div><div>bnbd24/fas</div>