Regulatory Alerts2026-03-04
Added
BRPD-1 Circular Letter No. 08: Policy Regarding Establishment of Banks' Business Centers & Their Rent/Lease Related Issues
The circular establishes maximum rent/lease rates per square foot for bank business centers in eight divisions, requiring prior Bangladesh Bank approval for any rates exceeding these limits. Banks may approve new, renewed, or relocated leases internally without prior approval if rates are within the specified caps, provided they notify the Banking Regulation and Policy Department-1 within 10 days. Mandatory prior approval from Bangladesh Bank remains required for leases involving director conflicts of interest, relocations before current lease expiry, or premises for the Head Office and its controlled departments.
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