The IMF projects that consumer prices in the country will rise by 7.9 percent by the end of the fiscal year
The court issued the order on Sunday after hearing a writ petition challenging the legality of Bangladesh Bank's circular offering the privilege.
It also ordered the formation of a committee to make recommendations on the matter in view of the purported shortcomings of banks in approving and recovering loans.
The High Court on May 21 had put a freeze on the circular responding to an appeal from the Human Rights and Peace for Bangladesh, a human rights organisation.
The top court subsequently halted the stay order for two months but barred those availing the privilege from borrowing funds from any other bank during that time.