Loan Rescheduling | VDB

Bangladesh Keyword: Loan Rescheduling

Circular No. 10 dated 20 August 2023 issued by the Department of Financial Institutions and Markets of the Bangladesh Bank on “Loan Rescheduling for the Shipbuilding Industry”

September 6, 2023

https://vdb-loi.com/bd_publications/circular-no-10-dated-20-august-2023-issued-by-the-department-of-financial-institutions-and-markets-of-the-bangladesh-bank-on-loan-rescheduling-for-the-shipbuilding-industry/

In a concerted effort to recover bad debts and alleviate the burden of classified loans, the Bangladesh Bank has taken measures to ease the loan rescheduling process for the country’s shipbuilding industry. This initiative is aimed at facilitating smoother repayment processes. Under the newly relaxed policy, non-bank financial institutions will now have the option to […]

Circular No. 12 dated 20 June 2023 issued by the Banking Regulation and Policy Department of the Bangladesh Bank on “Loan Rescheduling for the Shipbuilding Industry”

July 4, 2023

https://vdb-loi.com/bd_publications/circular-no-12-dated-20-june-2023-issued-by-the-banking-regulation-and-policy-department-of-the-bangladesh-bank-on-loan-rescheduling-for-the-shipbuilding-industry/

The Bangladesh Bank has introduced a loan rescheduling facility aimed at providing relief to the country’s shipbuilding industry, which has been adversely impacted by the COVID-19 pandemic and the volatility in the global economy. This policy allows banks to reschedule defaulted loans for borrowers in this sector, granting them a period of 10 years, including […]