Kamal: Moratorium extension to help businesses tide over Covid crisis - News Summed Up

Kamal: Moratorium extension to help businesses tide over Covid crisis


The finance minister said that the measures were taken considering the Covid impact on businesses. It was subsequently extended till September 30 through a similar circular issued by the central bank on June 15 this year. It is assumed that many loan recipients may not be able to repay as per the schedule, it said. In such a situation, there is an apprehension that the trade and businesses might be affected and eventually the overall employment scenario. No penalty, interest or additional fees may also be levied on the loan during this period, said the central bank.


Source: Dhaka Tribune September 30, 2020 14:48 UTC



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