Regulatory Alerts2015-02-23
Added · Updated
ACFID Circular No. 01: Regarding Certificate Case
The Central Bank of Bangladesh directs state-owned commercial and specialized banks to reduce certificate cases and recover non-performing agricultural loans by withdrawing or settling filed cases through compromise agreements, preventing loans from becoming time-barred via mutual consent, and strengthening monitoring and dedicated recovery units. Banks are required to raise farmer awareness, facilitate easy installment repayments for at-risk loans, provide relief for farmers affected by natural disasters, and reward regular payers to encourage timely repayment. These measures are to be implemented immediately, with monthly progress reports submitted to the Agricultural Credit and Financial Inclusion Department.