Regulatory Alerts2024-05-29
Added · Updated
ACD Circular Letter No. 01: Regarding the imposition of fixed concessional interest/profit at the customer level for refinancing tenure
The document clarifies that banks participating in the refinancing scheme are prohibited from charging customers any additional interest or profit beyond the fixed concessional rate for the refinancing tenure, even if the underlying loan or investment is held for its full or partial maturity period. This directive applies to all banks operating in Bangladesh regarding agricultural and fisheries loans or investments distributed under the scheme.
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