Addressing a press conference, he said since introduction of the `Artho Rin Adalat Act-2003', the number of cases in the courts concerned is decreasing fast.

Moudud said after four-five years, the number of money loan court may be reduced if the number of cases come down further.

According to the new law, respective banks can sue the defaulting organisation or the individual when the defaulted money will rise three times than the principal.

"With this new law, the tendency of the borrowers not to give the bank money will fade away and they will realise that they have to pay the money," Moudud added.

He said the number of the settled cases under this act is 18,207 and the banks have realised a total of Tk 1,760 crore in last two and half years.

"The realised amount is 100 times higher than any time in last 30 years."

The minister said the government enforced the Artho Rin Act in May 2003 for quick realisation of the defaulted money.