Regulatory Alerts2013-04-29
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DFIM Circular Letter No. 03: Fixation of General Provision for 'Standard' Loans/Leases of Small and Medium Enterprise (SME)
The document sets the general provision for 'Standard' category loans and leases under the Small and Medium Enterprise (SME) sector at 0.25%, reducing it from the previously prescribed rate of 1%. This directive applies to all financial institutions in Bangladesh and takes effect immediately, while all other instructions in DFIM Circulars No. 08/2002, 03/2006, and 06/2006 remain unchanged.
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