The central bank has further relaxed its credit disbursement policy as the Corona pandemic continues to plague businesses.
From now on, the score of internal debt risk management will be considered more flexibly.
If any businessman gets less than 40 percent in risk management, he or she will be considered as an unacceptable customer. New loans cannot be given to such customers. So far it was 45.
A circular was issued on Wednesday by the central bank's banking regulations and policy department to the chief executives of commercial banks. The rule will be in effect until 31 December this year.
According to the circular, in case of lending, customers now have to prepare a financial statement at the end of the year and pay it to the bank.
Institutions are divided into four groups based on the information provided in the financial statements.
According to the previous rules, if you get more than 75 percent score, it will be considered as Excellent, if you get more than 65 percent to less than 75 percent, it will be considered as good, if you get more than 55 percent and less than 65 percent, it will be considered as marginal and if you get less than 55 percent, it will be considered as unacceptable. However, if you get less than 45 percent, you will not get any new loan.
From now on, the same standard has been maintained for Excellent and good customers.
However, the policy has been relaxed for marginal and unacceptable customers. Five percent discount has been given in each case.
Hence, if you get more than 50 percent to less than 65 percent, it will be considered as marginal and if you get less than 50 percent, it will be considered as unacceptable.
However, if you get less than 40 percent on average, you will no longer be eligible for the loan.
It further said that there would be no impediment to giving new loans to the best customers and renewing the previous defaulted loans.
Good customers need to be careful when giving new loans.
Marginal customers need to be careful to renew defaulted loans. They cannot be given new loans. New loans cannot be given to unacceptable customers. Previous defaulted loans can be renewed.
