BB fixes new margin ratio for housing, consumer loans
Posted by on Mon, Jan 23 2012 08:29 am
Bangladesh Bank has directed the scheduled banks and financial institutes to follow the credit margin of ratio of 70:30 for all housing loans under the consumer financing service.
The Banking Rules and Policy Department (BRPD) of the central bank made the directive yesterday through a circular.
The circular also mentioned that the credit margin ration of all other consumer financing including car loan would be of 30:70.
The directives will come into effect soon.
The Daily Sun/Bangladesh/ 23th Jan 2012
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