Economic Reporter :
Bangladesh Bank (BB) on Wednesday asked all scheduled banks to keep one percent general provision instead of the existing 2.5 percent against all unclassified short-term agricultural and micro credits.
“Banks will maintain one percent general provision against all unclassified short-term agricultural and micro credits,” said a BB circular here.
BB has taken the decision to encourage participation of the banks in disbursing agricultural and micro credits, the circular added.
Bangladesh Bank (BB) on Wednesday asked all scheduled banks to keep one percent general provision instead of the existing 2.5 percent against all unclassified short-term agricultural and micro credits.
“Banks will maintain one percent general provision against all unclassified short-term agricultural and micro credits,” said a BB circular here.
BB has taken the decision to encourage participation of the banks in disbursing agricultural and micro credits, the circular added.
