a) The borrower whose credit facility has been rescheduled may avail a new
loan facility or
enhance existing credit facility subject to fulfillment of
the following conditions:-
i. The borrower must pay at least 15% of the ―Outstanding Balance‖ (outstanding amount after
excluding the down payment on rescheduling) to avail any further credit facility from the rescheduling bank.
ii. In case of
borrowing from
other banks, the same rule will be applicable, i.e. the borrower
must
pay at least 15% of the ―Outstanding Balance‖ (outstanding amount after
excluding the down payment on rescheduling), then, will be
allowed to take regular facility from other
banks subject to the submission of No
Objection Certificate (NOC) from
the rescheduling bank or financial institution.
b) Exporters may be granted further credit facility (after
being identified as not-a- willful defaulter), if required, subject to settling at least 7.5% of the ―Outstanding
Balance‖ (outstanding amount after
excluding the down payment on rescheduling). They will be allowed to take the regular facility from other Banks
subject to the submission of a NOC from
the
rescheduling bank or financial institution.
c) Prior approval of
Bangladesh Bank shall have to be obtained if the loan is
related to the director
of any bank.
d) Information on such rescheduled loan accounts shall be reported to the Credit Information Bureau (CIB)
of Bangladesh
e) While reporting to the CIB, the rescheduled loans/advances should be shown as
RS-1 for first time rescheduling, RS-2 for second time rescheduling and RS-3
for third time rescheduling. If rescheduling facility is
availed through interest
waiver, reporting should be RSIW-1 for first time rescheduling, RSIW-2 for
second time rescheduling and RSIW-3 for
third time rescheduling.
f) Number of rescheduling should be mentioned in the sanction letter as
well as in the date column of sanction/last renewal/rescheduling in the basic CL form as
RS-1/RS-2/RS- 3 or RSIW-1/RSIW-2/RSIW-3.