BB for 1pc general provision for unclassified agro, micro credits

Published: September 27, 2017 21:44:20 | Updated: October 25, 2017 05:21:12


Bangladesh Bank (BB) has asked all scheduled banks to keep one per cent general provision instead of the existing 2.5 per cent against all unclassified short-term agricultural and micro credits.

"Banks will maintain one per cent general provision against all unclassified short-term agricultural and micro credits," a BB circular said in Dhaka on Wednesday.

BB has taken the decision to encourage participation of the banks in disbursing agricultural and micro credits, the circular added.

source – BSS

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