Regulatory Alerts2023-06-21
Added
BRPD Circular Letter No. 20: Loan Classification
The document inserts a new sub-paragraph 2.2 into BRPD Circular No. 11, stipulating that unclassified demand loans or investments with required provisions paid at least 50% between April 1, 2023, and June 30, 2023, will not be classified as overdue or substandard in the June 2023 quarterly review. The remaining required provision must be paid by customers within September 2023. This directive is issued under Section 49(1)(c) of the Bank Companies Act, 1991, and takes immediate effect.
Topics
Share