BB amends provisioning, rescheduling policies

Posted by BankInfo on Thu, May 30 2013 06:09 am

Bangladesh Bank (BB) has brought changes to  their principles of loan classification, provisioning and rescheduling for the fifth time, as per demands of businessmen.

 
In a press conference, Deputy Governor SK Sur Chowdhury made the disclosure on Wednesday afternoon.
According to the new policies, the minimum period of loan expiry has been raised to three months and six months.


A notification, issued by the central bank, said the first, second and third rescheduling of termed loans have been increased to three, two and one year respectively which was two, one and half, and one year previously.

News:The New Nation Bangladesh/30-May-2013

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