BB eases bank borrowing for brokers, merchant banks
BI Desk || BusinessInsider
Published: 20:09, 2 February 2023
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The Bangladesh Bank (BB) has halved banks' general provisioning requirement to 1 percent against their loans for brokerage firms, stock dealers, and merchant banks.
"It has been decided that banks will have to maintain a general provision of 1 percent on unclassified amounts for loans to Brokerage House, Merchant Banks and Stock Dealers," BSS reports quoting a BB circular issued on Thursday.
It would be effective from March 30 this year.
