Regulatory Alerts2025-09-15
Added
ACD Circular Letter No. 03: About CIB Reporting for Agricultural and Rural Credit
The document instructs all scheduled banks operating in Bangladesh to refrain from collecting Credit Information Bureau (CIB) reporting fees from customers for new agricultural and rural credit applications or renewals up to 250,000 BDT processed through the bank's own channels. This directive aims to ensure that borrowers are not deprived of the fee waiver benefit, as previous practices allowed banks to charge fees while seeking reimbursement from the central bank for only a small number of loans. The instruction is issued under Section 45 of the Bank Company Act, 1991, and takes immediate effect, while other existing instructions remain valid.
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