Bangladesh central bank streamlines reporting format for NBFIs
Published 27 Jul,2021 via The Financial Express - The central bank has streamlined loan classification reporting format for non-banking financial institutions (NBFIs) - aiming to curb the rising trend of stressed assets through strengthening monitoring, officials said.
The stressed assets cover non-performing loans (NPLs) as well as restructured and rescheduled credits in the NBFIs sector.
Under the streamlining initiatives, the NBFIs will have to submit returns for classification of loans or leases separately, instead of the previous joint one, to the central bank on quarterly basis, according to a notification, issued by the Bangladesh Bank (BB) on Monday.
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The Financial Express