Regulatory Alerts2009-04-19
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BRPD Circular No. 03: Relaxation of Loan Re-scheduling Policy
The circular permits scheduled banks in Bangladesh to reschedule loans for distressed customers in export-oriented industries, including frozen food, leather, jute, and garments, without mandatory down payments until September 30, 2009. This measure addresses the negative impact of the global economic crisis on international trade and the resulting risk of these loans becoming non-performing. Previous directives issued under BRPD Circulars No. 01, 02, and 03 remain unchanged.
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