Central bank tightens loan classification rules
The Bangladesh Bank tightened loan classification and reporting rules to contain defaulted loans...
Tags : loan classification
Uncovering, recovering default loans should go together
This is welcome that the central bank has adopted international loan classification standards and changed classification policies to get the actual picture of default loans. But a lack of measures to recover defaulted loans is worrying. The central bank has reduced the timeframe to classify loans as defaulted from the previous 270 days to 180 days. Since the adoption...
BB relaxes loan classification, provisioning rules for CMSMEs
The Bangladesh Bank has relaxed the rules of loan classification and provisioning for the cottage, micro, small and medium enterprises sector to create more employment opportunities through increasing investment...
NPL classification period reduced by 3 months
The Bangladesh Bank on Wednesday tightened loan classification rules by reducing classification period of overdue loans into non-performing ones to six months that was previously nine months...