Bangladesh Bank yesterday instructed banks to furnish detailed information about wilful loan defaulters.

The central bank issued a notice stating that lenders must submit detailed information on the wilful defaulters to its Credit Information Bureau (CIB) every three months.

It also stated that it is mandatory to include the names, identities, and all relevant details of such defaulters.

In March last year, the banking regulator issued a similar notice, but the new one further refines the reporting process regarding the defaulters.

As per the new notice, once a bank identifies and confirms a borrower as a wilful defaulter, it must send the information to the CIB and those borrowers must be listed in the CIB as "wilful defaulters".

Banks must submit accumulated information about the defaulters in a detailed report on a quarterly basis, the notice said, adding that this report, along with all relevant documentation, must be submitted to the central bank's Banking Regulations and Policy Department by the 10th day of the month following the end of each quarter.

The notice also mentioned that banks must provide names, mobile phone numbers, and email addresses as provided on their internal identification units responsible for identifying the wilful defaulters.