Bangladesh Bank will relax the SME loan classification and rescheduling policy for the non-bank financial institutions also, BB officials said.
On Wednesday, the central bank relaxed the policy for the scheduled banks.
BB officials said a number of NBFIs requested the central bank in the last few days to relax the SME loan policy for them as they were now facing a dull business situation due to the ongoing political unrest.
The BB will issue a circular to the NBFIs in quickest possible time in this regard, they said.
According to the latest BB circular to the scheduled banks, clients of the banks will be able to reschedule any SME defaulted loan without any down payment, if the banks agree.
SME clients will also get the block account facility for their existing loans on a banker-customer relationship basis, it said.
The BB circular said that the banks would be able to restructure the loans to bring those to standard position so that the loans would not fall into a defaulted condition.
Any loan will turn into special mention account if clients do not pay any instalment or interest against their loans for two months.
An SMA loan is usually in a warning situation of the defaulting zone as the loan will be treated classified or sub-standard category if client does not pay any instalment or interest against the loan for three months.
A BB official said that the central bank would relax the SME loan classification and rescheduling policy for the NBFIs as the banks were now enjoying the facility.
-With New Age input
