Regulatory Alerts2013-03-05
Added · Updated
Master Circular: Loan Classification and Provisioning
Short-term Micro-Credit is defined as any micro-credit not exceeding Tk. 50,000 and repayable within twelve months. This definition applies to all Scheduled Banks in Bangladesh. The instruction takes immediate effect.
Website: www.bb.org.bd Agricultural Credit & Financial Inclusion Department Bangladesh Bank Head Office Dhaka 21 Falgun, 1419 ACFID Circular letter No.1 Date: --------------------- 05 March , 2013 Chief Executives All Scheduled Banks in Bangladesh Dear Sir, Master Circular: Loan Classification and Provisioning Please refer to the section of 1(d) of BRPD Circular No.14 dated September 23, 2012 on the captioned subject. It has been decided that short-term Micro-Credit will include any micro-credits not exceeding the amount of Tk. 50,000 (Tk. Fifty Thousand) and repayable within 12 (twelve) months. This instruction will have an immediate effect. Please acknowledge receipt. Yours sincerely, (Md. Abdul Hakim) Deputy General Manager Phone: 9530223
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