Since 2024, most of the loans regularized under the special rescheduling policy have again defaulted, Bangladesh Bank has introduced a major interest waiver for borrowers. In a circular issued last Monday, banks have been allowed to waive both charged (charged) and uncharged (uncharged) interest to loan customers. As a result of this, the obligation to ensure collection of fund cost before interest waiver has been relaxed. As mentioned in the latest circular of Bangladesh Bank, those who have received special rescheduling facility from August 6, 2024 to June 30, 2026, will also be eligible for this interest waiver facility. Under the new circular, defaulters will get a one-time settlement by paying only the original amount of the loan; Which means, they don’t have to pay any interest. If banks waive uncharged interest of Rs 1 lakh crore from suspended interest accounts, the total NPL ratio will come down to 25 per cent from 30.60 per cent recorded till December 2025. A deferred interest account is a temporary account or holding account in banks used to record interest that is owed but not yet formally recognized as earned income. Citing an example of his bank, he said, they did not follow even one rescheduling case as approved by the policy committee. "Rather, we forced customers to sell assets to pay off debt, mortgage assets to leverage more debt, and downsize businesses, which helped them survive."
He said, due to these strict measures, those companies are still repaying the loan after rescheduling the loan for a maximum of 8 years without taking the grace period. He said that the policy committee approved a grace period of 2 years. This increases their installments, causing them to be unable to continue repaying the loan and eventually defaulting again. My bangla/ rabbi
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