Regulatory Alerts2024-04-08
Added
BRPD Circular No. 09: Definition of Past due/Overdue of Fixed Term Loan
Bangladesh Bank amends the definition of past due or overdue for fixed term loan installments by implementing a two-step reduction in the grace period. From 30 September 2024, unpaid installments are treated as past due or overdue after three months of the due date. From 31 March 2025 onwards, unpaid installments are treated as past due or overdue from the following day.
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