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The Financial Express

BB asks banks to suspend loan classification till June

FE Online Report | Published: March 19, 2020 15:58:41 | Updated: March 21, 2020 12:47:55


BB asks banks to suspend loan classification till June

The central bank of Bangladesh has relaxed its policy asking the scheduled banks to suspend adverse classification of any loans till June 30 to facilitate business activities that have been adversely affected by coronavirus outbreak.

Under the relaxations, the banks have been instructed not to adversely classify any loans till June 30 from the states of January 01, 2020, according to a notification, issued by the Bangladesh Bank (BB) on Thursday.

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