Dhaka, Feb. 3 -- The Bangladesh Bank on Thursday relaxed the rules on the provisioning of bank loans to brokerage houses, merchant banks, and stock dealers.

In 2012, the BB advised banks to maintain a 2 per cent general provision on the unclassified amount for loans to brokerage houses, merchant banks and stock dealers.

"Now it has been decided that banks will have to maintain a general provision of 1 per cent on unclassified amounts for loans to brokerage houses, merchant banks and stock dealers," said the BB in a notice on Thursday.

The new rate will come into force from March 30, it said.

Published by HT Digital Content Services with permission from The New Nation....