unclassified loans
Central bank lowers provisioning against unclassified loans to boost consumer spending
Banks and other financial lenders will now have to maintain 2 percent general provision against unsecured loans instead of the earlier 5 percent. Unclassified loans are those that the lender considers to be at high risk of default.
A Bangladesh Bank circular, issued on Tuesday, said that with a view to meeting emergent demand of consumer loans and to encourage the participation of lenders in this segment, it has now been decided that the banks will have to maintain 2 perce
4 years ago