Regulatory Alerts2022-12-21
Added
BRPD Circular Letter No. 52: Regarding Loan Rescheduling and Restructuring
The document amends Section 4(2)(c) of BRPD Circular No. 16 by replacing the maximum rescheduling period for short-term agricultural loans and loans distributed to cottage and micro-enterprises. The new maximum term is set at three years for the first rescheduling and two years and six months for the second and subsequent reschedulings. This directive is issued under the powers granted by Section 49(1)(c) of the Bank Company Act, 1991, and applies to all scheduled banks operating in Bangladesh.
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