Regulatory Alerts2009-06-01
Added · Updated
BRPD Circular No. 09: Re-fixing interest rate of loans extended to various sectors including productive sectors considering the prevailing global economic situation
The maximum interest rate of 13% is extended to apply to financing provided by banks to Non-Banking Financial Institutions (NBFIs). This rate was previously fixed for agriculture, term loans, working capital for large and medium scale industry, housing sector loans, and trade financing. The instruction takes effect immediately and remains valid until further order, while other instructions from the referenced circular remain unchanged.
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