Regulatory Alerts2014-11-18
Added · Updated
BRPD Circular No. 16: Loan Classification and Provisioning
BRPD Circular No. 16 amends Section 4(c) of the September 23, 2012 circular regarding provisioning for short-term agricultural and micro-credits. The updated rules require scheduled banks in Bangladesh to set aside 2.5% for all unclassified credits, 5% for credits classified as 'Sub-standard' and 'Doubtful', and 100% for those classified as 'Bad/Loss'. These amendments apply to all scheduled banks in Bangladesh and take effect immediately.
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