Regulatory Alerts2015-12-22
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ACD Circular Letter No. 05: Ensuring presence of banks' suitable representative in the meeting of District Agricultural Credit Committee (DACC)
The document instructs all scheduled banks operating in Bangladesh to ensure that their regional office heads or, where applicable, branch managers attend District Agricultural Credit Committee (DACC) meetings regularly. This directive addresses the recent practice of sending lower-level staff who lack the authority to present necessary agricultural credit information and implement decisions, which hinders the committee's objectives. Banks are ordered to take necessary measures to guarantee the attendance of these senior representatives to facilitate coordinated and effective agricultural credit programs.
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