BB relaxes rules for loan rescheduling as default risks increase
A new directive has been issued by the Banking Regulatory Policy Department (BRPD). In an effort to support struggling industries, Bangladesh Bank has relaxed the conditions for loan rescheduling. Now, borrowers facing difficulties can prepay only half of the required down payment, which amounts to 2% of the loan balance, and can settle the remaining […]
Bank Asia takes steps to address bad loans by injecting equity after questionable rescheduling.
Asian Banks Tackle Bad Loans with Capital Injection and Collateral Asian banks are actively addressing the issue of bad loans by requiring borrowers to provide capital, additional collateral, and well-structured repayment plans, rather than simply allowing for flexibility in rescheduling. This disciplined approach aims to mitigate risk effectively. Sohail R K Hussain, the managing director […]
Marijuana rescheduling moves businesses into ‘uncharted territory’
Marijuana business owners hoping to benefit from the Biden administration’s move to reschedule marijuana use may be disappointed, experts say. The administration announced Thursday that it plans to move forward with a rule that would reschedule marijuana from Schedule I to Schedule III under the Controlled Substances Act (CSA). Under U.S. tax law, companies that […]