BB eases loan classification rules The Bangladesh Bank yesterday eased its loan classification policy for all borrowers following demand from the country’s top trade bodies, including the FBCCI. As per new decisions, a borrower will not be considered defaulters if they pay 15 per cent of the total instalment of
Read MoreGovt to build 660MW plant in Mirsarai The government is going to build a 660-megawatt gas or liquified natural gas-based power plant in Mirsarai of Chattogram. The cabinet committee on purchase yesterday approved the plant, which will be implemented by the Bangladesh Power Development Board. A unit of electricity from
Read MoreBB eases loan repayment for CMSMEs The central bank has relaxed further the loan repayment policy for the cottage, micro, small and medium enterprises (CMSMEs) to help them expedite their recovery effort from the fallouts of Covid-19 pandemic. The borrowers under the stimulus package will now have to repay only
Read MoreIFC, BB sign deal on Credit Guarantee Scheme To support small businesses facing financing challenges due to the impacts of COVID-19, IFC has signed an agreement with Bangladesh Bank to implement a Credit Guarantee Scheme (CGS) for Cottage, Micro, Small and Medium Enterprises (CMSMEs). By offering a risk-sharing arrangement for
Read MoreGovt’s bank borrowing surges for lower sales of savings tools Government borrowing from the banking sector has seen a rapid surge this fiscal year mainly due to the lower investment of general people and firms in national savings tools, a development that may crowd out the private sector. The government
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