Banking Regulations and Policy Department
Bangladesh Bank suspends interest on bank loans for April-May period
Bangladesh Bank has suspended all kinds of interest on bank loans for from April 1 to May 31 as businesses have been hugely affected by coronavirus outbreak.
A circular issued by the central bank’s Banking Regulations and Policy Department (BRPD) to all banks of the country said the Bangladesh Bank has decided that interest on all kinds of bank loans have to be transferred as interest-less blocked.
“This blocked interest should not be realised from borrowers until further order and such kind of interest should not be transferred to the income of the banks,” said the Bangladesh Bank.
4 years ago