Regulatory Alerts2024-09-01
Added · Updated
BRPD Circular Letter No. 39: Repayment/adjustment of loans of borrowers affected by recent floods
The Bangladesh Bank directs all scheduled banks to extend the repayment and restructuring deadlines for short-term agricultural and SME loans in flood-affected districts (Feni, Noakhali, Lakshmipur, Comilla, Chittagong, and others identified by the Ministry of Disaster Management and Relief) by three months for installments due between August and October 2024. Banks are prohibited from imposing any penalty interest, additional interest, or late fees on delayed payments resulting from this extension. These measures apply immediately to borrowers who have not yet been classified as non-performing, ensuring their credit accounts remain unaffected while facilitating financial relief.