Regulatory Alerts2013-09-23
Added · Updated
BRPD Circular No. 10: Fixation of rate of Interest on Import Financing
The document fixes the maximum interest rate at 12% for onion import financing to ensure market supply amid price volatility. It permits banks to determine the minimum loan-to-value ratio for such imports based on bank-customer relationships. These directives are effective immediately and remain valid until December 31, 2013.
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