The central bank has directed all banks to implement government announced stimulus packages to tackle the covid-hit economy in a speedy manner.
A directive in this regard has been issued by the Banking Regulation and Policy Department of Bangladesh Bank on Thursday. The directive has been sent to the managing directors and chief executives of all scheduled banks.
As mentioned in the instruction, application of loan/investment recipient of Covid-19 has to be checked and selected within the shortest possible time and arrangements have to be made for quick loan/investment sanction/disbursement quickly. If it is not possible to provide loan/investment in the light of applicable rules and regulations, then necessary steps have to be taken to inform the applicant within the shortest time.
Besides, the circular also directed the banks to take all necessary steps to enable Bangladesh Bank to play a leading role in the implementation of the loan incentive package.
