Flood-hit people may reschedule their loans Bangladesh Bank (BB) issued Tuesday a fresh policy on rescheduling short-term agriculture, micro-credit and SME loans to help the flood-affected borrowers continue their economic activities. The banks were allowed to reschedule such loans based on ‘banker-client’ relationship through relaxation of down payment requirements. “The
Read MoreBangladesh goes up 28 notches Bangladesh went up 28 notches in the anti-money laundering and counter terrorist financing (AML/CTF) index of the Basel Institute on Governance — a development that will come as a pat on the back for the government. The country came in at No. 82 out of
Read MoreProvision against unclassified credit card loans relaxed The central bank has lowered the ceiling of general provision against all unclassified credit card loans to 2% from 5%. Bangladesh Bank issued a circular in this regard on Sunday for all scheduled banks across the country. The circular will come into force with an
Read MoreNon-performing Loans (NPLs) jump 19.0% in six months to June The volume of non-performing loans (NPLs) jumped by over 19.0% or BDT 119.8 billion at the end of June this year from December closing last year, despite close monitoring by the central bank. The amount rose to BDT 741.5 billion
Read MoreBanks asked to receive application even if export proceeds not repatriated Bangladesh Bank on Wednesday asked commercial banks to receive the applications submitted by the exporters against their claimed subsidy and cash incentive even if the export proceeds were not repatriated. The exporters, however, will get the cash incentive and subsidy against
Read More