No bank loan will be treated as default loan until September 30, this year if borrowers fail to repay during the period, a notice of Bangladesh Bank (BB) said on Monday.
Earlier, the similar facility was extended by the BB until June 30, this year.
Banks cannot impose any penalty interest or additional fees on the loans and investment during this period, the notice says further.
On April 22, this year, Bangladesh Association of Banks (BAB) requested Finance Minister AHM Mustafa Kamal and BB Governor Fazle Kabir to extend the time frame through 31 Dec 2020.
