Regulatory Alerts2021-03-24
Added
BRPD Circular No. 05: Loan Classification
Bangladesh Bank extends the moratorium on loan classification for existing non-performing loans, allowing overdue interest from January 1 to December 31, 2020, to be paid in six equal quarterly installments between March 2021 and June 2022. Demand loans may also be repaid in eight equal quarterly installments within the same period without adverse classification, provided payments are made regularly. The circular specifies that failure to meet any installment results in the immediate cancellation of this benefit, though specific provisions allow for flexibility on certain term loans if paid by June 30, 2021.
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