Business Desk :
Under pressure from both traders and banks, the Bangladesh Bank has not been able to make an immediate decision on whether to extend the facility of non-payment of loan instalments.
At a meeting with the central bank governor on Wednesday, bankers opined not to extend the facility in the new year, while traders want a time extension.
Asked about this, Abu Farah Md Naser, executive director of the central bank, told that, “No final decision has been made on whether to extend the facility of non-payment of loan instalments.”
Mohammad Sirajul Islam, spokesperson for the Bangladesh Bank, made a similar comment.
“A final decision has not yet been made on whether the deadline will be extended or not.”
Sirajul, also executive director of the central bank, further said, “In Wednesday’s meeting, although bankers agreed not to extend the deadline, the Bangladesh Bank will take a final decision after analysing the economic situation and checking the balance sheets of the banks, reports TBS.
“There are two sides here. On the one hand, bankers say that they can no longer continue the facility. On the other hand, traders want the term of the facility to be extended. A decision will be taken after further reviewing the points of both sides.
Md Siddiqur Rahman, vice-president of the Federation of Bangladesh Chambers of Commerce and Industries, has demanded that the authorities extend the tenure of the facility of non-payment of loan instalments.
