Bangladesh Bank on Monday defended its restructuring policy for large loan saying that it would help the businesspeople who became defaulter due to uncontrolled adverse impact of financial sector on their business. The BB issued a press release saying that the habitual defaulter would not be allowed to get any support from the central bank’s large loan restructuring policy. A BB official told New Age that the central bank had recently faced severe criticism from different corners including commerce minister Tofail Ahmed over its policy support to the large defaulters. For this reason, the central bank is now trying to recover its image by issuing the press release saying that some developing countries including India, Philippine and Malaysia have already set such restructuring policy for large loans, the official said. The BB in its press release claimed that the country’s business sector had faced a tough situation in 2014 due to political unrest. Considering the circumstances, the BB extended its support to the large borrowers to save them from unfavourable business situation, it said. The BB issued large loan restructuring policy on January 29, 2015 for the borrowers facing financial crisis, giving a maximum period of 12 years to repay their overdue and defaulted loans for term credit with a lower rate of interest. Minimum outstanding loan amount for restructuring will be Tk 500 crore or above in aggregate and a particular loan account can avail the facility only once, the circular said.