1.0pc provision for unclassified housing loans

Bangladesh Bank (BB) has asked the chief executives of all scheduled banks to maintain 1.0 per cent general provision against all unclassified housing-finance loans under consumer financing. "With a view to promoting growth in the real-estate sector through banks' participation in housing finance, it has been decided that banks have to maintain one-per cent general provision instead of two percent against all unclassified housing-finance loans under consumer financing," said a BB circular Tuesday. — BSS