Bangladesh Bank (BB) has halved banks' general provisioning requirement to 1 percent against their loans for brokerage firms, stock dealers, and merchant banks.

A circular in this regard has been issued by the Bangladesh Bank today (Feb 2).

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, read circular.

It would be effective from 30 March this year.

BDST: 2040 HRS, FAB 02, 2023
MSK