Regulatory Alerts2022-06-30
Added
BRPD Circular No. 15: Loan Rescheduling of Leather Sector for the Purpose of Purchasing Raw Hides
The Bangladesh Bank mandates that scheduled banks reschedule existing loans for leather sector businesses, including tanneries, to ensure the supply of raw materials for the upcoming Eid al-Adha season. Banks must collect a minimum 2% down payment against outstanding loans before rescheduling, verify borrower capacity for new lending, and waive any compromised amounts for new loans issued for purchasing raw hides in 2022. This directive, effective immediately, remains valid until August 31, 2022, and applies to both conventional and Shariah-based banks.
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