Regulatory Alerts2008-05-12
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Fixation of 03 (three) months time limit for repayment of loans to be disbursed for procurement of rice by mill owners
Scheduled banks in Bangladesh are advised to fix a maximum repayment time limit of three months, or 90 days, for credit facilities extended to local mill owners for the purchase of rice from the local market. This directive aligns the credit terms for local rice procurement with the existing 90-day limit applied to the import of essential consumer goods.
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