Regulatory Alerts2020-06-18
Added · Updated
BRPD Circular No. 14: Incentives to Good Borrowers
Bangladesh Bank amends the criteria for identifying good borrowers and the associated interest rebate incentives. Good borrowers are now identified annually by December based on maintaining a standard asset status for the current and preceding four quarters, with specific rules for current, demand, and term loans. Eligible borrowers receive a minimum 10% rebate on interest or profit paid against their loans/investments, applicable for periods up to September 30, 2019. Banks must report these borrowers to the Credit Information Bureau (CIB) and may provide additional recognition through publications or awards.
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