The Bangladesh Bank on Thursday asked banks to provide returning officers with defaulted loan-related information about candidates for the 11th parliamentary elections scheduled for December 30.
Banking regulations and policy department of the central bank issued a directive in this regard stating that as per the Article 12 of the Representation of the People Order 1972, loan defaulters were disqualified from parliamentary elections.
Thus, submission of personal information on defaulted loans of the people, who submitted nomination papers, by the scheduled banks is a must, the circular said.
The central bank circular asked all the banks to collect information about the candidates in detail from the returning officers voluntarily after the November 28 deadline for the submission of nomination paper.
After examining information about the status of loans of the candidates, the banks would need to submit the information to returning officers concerned by December 2, the scheduled date for the scrutiny of the nomination papers, said the circular.
In case of any requirement, bank officials concerned were asked to present at the office of the returning officer.
The central bank issued the circular in line with a letter sent by the Election Commission on November 12 to the financial institutions division secretary.
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