Regulatory Alerts2013-05-29
Added · Updated
BRPD Circular No. 05: Loan Classification and Provisioning
BRPD Circular No. 05 amends Section 4.a)(4) of BRPD Circular No. 14 to require that loans in the 'Special Mention Account' category be provisioned at the same rates as their corresponding unclassified loan types, specifically 0.25% for Small and Medium Enterprise loans, 5% for Consumer Financing, 2% for Housing Finance and loans to Brokerage Houses, Merchant Banks, and Stock Dealers, and 1% for all other unclassified loans. The circular also replaces the CL-1 reporting format with a new version attached to the document. These changes apply to all Scheduled Banks in Bangladesh and take immediate effect, while other instructions and formats from previous circulars remain unchanged.
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