Regulatory Alerts2026-02-24
Added
BRPD-2 Circular Letter No. 01: Avoidance of High Expense for Luxurious Vehicles, Decoration, and other Matters
The document establishes maximum purchase price limits for vehicles acquired in the name of banks and companies, setting the ceiling at 500,000 Taka for motorcars and 10,000,000 Taka for jeeps, electric motorcars, or microbuses intended for the Chairman and Chief Executive Officer. It further authorizes the purchase of security vehicles similar to those used by various security agencies for official transport duties. These directives are issued under Section 45 of the Banks Company Act, 1991, and take effect immediately, while other instructions from previous circulars remain unchanged.
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