Regulatory Alerts2016-01-20
Added · Updated
FID Circular Letter No. 01: Amendment of Circular on Tk 200 Crore Refinance Scheme for 10 Tk A/C Holders
The document amends the refinance scheme for small/medium/landless farmers, natural disaster victims, low-income professionals, and small/medium traders by allowing banks to determine one or more installments for loan repayment at their own discretion. It also exempts loans up to Tk 50,000 from the requirement to obtain a Credit Information Bureau (CIB) report, while instructing banks to ensure no facilities are provided to willful defaulters. All other instructions in the original circular remain unchanged.