Regulatory Alerts2024-06-25
Added · Updated
BRPD Circular Letter No. 29: Repayment Procedure of Term Loan
The document instructs scheduled banks in Bangladesh to maintain the installment amounts for term industrial and housing loans established immediately before July 1, 2023, despite the application of new market-based interest rates. Banks are permitted to extend the loan tenure to accommodate these fixed installment amounts without classifying the adjustment as loan restructuring. The directive applies to loans classified as non-performing as of March 31, 2024, but excludes converted term loans and those provided under government incentive packages. This circular explicitly repeals the instructions issued in BRPD Circular Letter No. 17 dated April 8, 2024, and takes immediate effect.
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