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New rules of term loans will not be a problem


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  The new rules of term loans classification and rescheduling will not create any problem for the borrowers, said a senior official of Bangladesh Bank.

“According to new rules, borrowers will get more repayment time than what they used to get earlier. Further, the way to obtain short-term loans from banks is also open for the clients to face any crisis immediately,” SK Sur Chowdhury, deputy governor of Bangladesh Bank, said.

He was talking to a delegation of apparel exporters of the country at a meeting at his office in the city Tuesday.

Besides, DG said the banks might face a bit inconvenience in terms of quality of respective asset as inefficient loan disbursement could increase classified loans of the bank. The delegation was led by Nasiruddin Chwodhury, first vice-president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

[ Business ] 2012-07-11