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Credit Cards Need to Get Renewed before Expiry

Publish On : 24/08/2017

Credit card holders have to apply for renewal three months before to the expiry of the term of foreign loan availability in private sectors. The sanctioned loan will be cancelled unless the card holders apply for renewal within this period. This decision has been taken in the 116th meeting of Foreign Loan Approval Committee held recently. The Foreign Exchange Investment Department of Bangladesh Bank informed all the banks this information through an official communiqué circulated recently.

As per Bangladesh Bank source, the entrepreneurs from the private sectors have to get the approval from the concerned committee to get loans from abroad. Bangladesh Investment Development Authority (BIDA) usually supervises these loans. During sanctioning loans, clients usually get 18 months as the term of loan availability. If the clients don’t apply for loans within this period, they, henceforth, apply for renewal and later, the concerned committee sanctions the loan. Source-Prothom Alo




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Ms. Noriko Gunji has been appointed as President and CEO of Canon Singapore Private Limited (Canon Singapore), the regional headquarters for Canon in South and Southeast Asia in the year 2016. Ms. Gunji has also been appointed as Executive Officer of Canon Inc., earlier in April...