Exit facility after 5pc loan payment 

The Bangladesh Bank has relaxed some of the terms of its exit policy for recovering defaulted or unpaid loans.

A circular in this regard was issued by the central bank's Banking Regulation and Policy Department (BRPD) on Monday  (10 March). 

The change comes as the previous policy failed to generate the expected response from borrowers.

From now, the required down payment is 5%, down from the previous 10%.

According to the circular, borrowers seeking exit facilities for various types of classified or unpaid loans can now apply with a 5% down payment. 

Additionally, banks must process and resolve the borrower's application within 60 days, it said.