Regulatory Alerts2026-01-04
Added
BRPD-1 Circular No. 01: Regarding issuance of uniform Personal Guarantee Form
The Bangladesh Bank mandates all scheduled banks operating in Bangladesh to adopt a uniform Personal Guarantee Form for loan disbursement, available in both Bengali and English, with the Bengali version prevailing in case of discrepancy. The circular requires banks to use this standardized form immediately, establishing it as a continuous security that remains valid until the loan is fully repaid, and outlines specific clauses regarding joint liability, waiver of defenses, and governing law under Bangladesh law.
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