BB to allow more time for large loan repayment

Posted by BankInfo on Wed, Jan 28 2015 11:24 am

Bangladesh Bank (BB) has decided to allow more time for repayment of large loan by the borrowers who are unable to pay back their loans due to "unavoidable circumstances", reports BSS. The decision was taken on Tuesday at the board meeting of BB, held at its headquarters with Governor Dr Atiur Rahman in the chair. The meeting also decided that the loan repayment policy would be restructured so the borrowers of the large loans can get the time extension for repayment. The official said the large loan defaulters would get the time extension with submitting application to BB by June this year through their respective banks. He, however, said the central bank would issue a circular on Wednesday to detail about the restructured loan repayment policy. The central bank took the decision considering difficulties faced by the banks and the business community due to the ongoing blockade and repeated hartals by the BNP-Jamaat alliance, the official said.

News:The News Today/28-Jan-2015

 

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