Regulatory Alerts2023-07-13
Added
BRPD Circular No. 13: Regarding Loan Rescheduling of Cold Storage Industry
The Bangladesh Bank permits scheduled banks to reschedule existing and ongoing loans for the agricultural-based cold storage industry, creating separate accounts for principal and interest as of June 30, 2023. Loans may be rescheduled for a maximum of 10 years, including a one-year grace period, with quarterly repayments required after the grace period ends. Banks must maintain existing provisions against these loans, require down payments in accordance with BRPD Circular No. 16/2022, and may consider interest waivers based on their Board's discretion, while ensuring that loans identified as NPA after previous restructuring remain eligible for new rescheduling under this circular.
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