Regulatory Alerts2012-09-23
Added · Updated
BRPD Circular No. 15: Master Circular on Loan Rescheduling
This circular establishes mandatory guidelines for scheduled banks in Bangladesh regarding the rescheduling of non-performing loans, including strict down payment requirements of 15%, 30%, and 50% for first, second, and third reschedulings respectively. It defines maximum time limits for rescheduling continuous, demand, and fixed term loans based on loan classification and frequency, while prohibiting rescheduling for habitual defaulters or those who diverted funds. The document mandates specific reporting codes (RS-1/2/3) to the Credit Information Bureau and outlines conditions for granting new credit facilities after rescheduling, with special exemptions for export-oriented garments and fertilizer importers under certain circumstances.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.