Regulatory Alerts2009-12-10
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BRPD Circular Letter No. 09: Policy for Rescheduling of Loans
The document clarifies that short-term agricultural loans are eligible for rescheduling with a down payment applied at the rate applicable to medium-term loans, as defined in Section 1.02 of BRPD Circular No. 01/2003. This directive addresses recent ambiguities among scheduled banks regarding the rescheduling of short-term agricultural credit. It mandates the application of specific down payment rates to these loans in accordance with existing circular provisions.
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