BB asks banks to start loan renewal process 2 months before expiry

BB asks banks to start loan renewal process 2 months before expiry

Bangladesh Bank (BB) on Tuesday directed all scheduled banks to initiate the renewal process for continuous loans at least two months before their expiry to ensure uninterrupted business and trade activities amid the prevailing economic situation, reports BSS. The directive was issued through BRPD Circular No. 05. It builds on earlier definitions of continuous loans and overdue status set out...

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