Regulatory Alerts2009-10-01
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BRPD Circular No. 11: Re-fixing interest rate on loans extended to various sectors including productive sectors to cope up with the prevailing global economic situation
Banks are advised to strictly adhere to the interest rate policy for the Housing sector, which mandates a maximum interest rate of 13%. This instruction addresses instances where some banks were incorrectly applying interest rates designated for other sectors to Housing loans. The directive requires scheduled banks in Bangladesh to follow the stipulations of BRPD Circular No. 04 dated April 19, 2009 regarding this specific financing sector.
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