Regulatory Alerts2023-06-20
Added
BRPD Circular No. 11: Loan Classification
The circular mandates that scheduled banks in Bangladesh classify existing term loans as non-performing as of June 2023 only if less than 50% of the installments due between April and June 2023 are paid by the last working day of June 2023. Any remaining unpaid installments must be paid in equal or single installments within three months after the original loan maturity date, with no penalty interest or additional fees charged for the period from April 1, 2023, to June 30, 2023. These provisions apply to rescheduled loans and Islamic banking investments, with recovered amounts transferred to the account.
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