Dhaka, Jan. 3 -- Subjecting willful loan defaulters to rigorous actions for loan recovery is fully justifiable from bankers' viewpoint. The central bank issued a circular ( BRPD circular no.:6 dated 12.03.2024) instructing all scheduled banks to identify willful loan defaulters, and report their list as well as take actions against finally identified willful defaulters. The pivotal question is: who are willful defaulters of bank loans in spite of having financial ability? Present discussion aims to shed light upon the fuzzy facets of identifying that type of willful defaulters. The issue merits serious consideration as it is concerned with the legal battles against the loan defaulters.

Quoting the clause 5KAKAKAKA of The Bank-Company (Am...