BB caps 7% interest rate on loans for closed industrial, service sectors
Bangladesh Bank has capped the maximum interest rate at 7% for loans under a Tk20,000 crore pre-financing scheme designed to restart closed industrial and service sector enterprises. At the same time, a six-month grace period facility has been granted following the disbursement of the loans. During this grace period, no interest can be collected from the borrower. Once the six-month grace...…
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