Regulatory Alerts2026-03-12
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BRPD-2 Circular Letter No. 03: Exemption from Section 23(1)(KKK) of the Bank Company Act, 1991
The document transmits a copy of Notification No. BRPD-2(BMMA)651/9(30)D/2026-790, issued by Bangladesh Bank on March 12, 2026, which grants an exemption to Trust Bank PLC from compliance with Section 23(1)(KKK) of the Bank Company Act, 1991. All scheduled banks operating in Bangladesh are instructed to take note of this notification and take necessary action accordingly.
Bangladesh Bank Head Office Motijheel, Dhaka-1000 Bangladesh Ref No.: BRPD-2 Banking Regulation and Policy Department-2 27 Falgun 1432 BRPD-2 Circular Letter No. 03 Date: ---------------- 12 March 2026 Managing Director / Chief Executive Officer All Scheduled Banks operating in Bangladesh Dear Sir,
Regarding the exemption granted to Trust Bank PLC from compliance with Section 23(1)(KKK) of the Bank Company Act, 1991,
A copy of the Notification No. BRPD-2(BMMA)651/9(30)D/2026-790 issued by Bangladesh Bank on March 12, 2026, on the above-mentioned subject is enclosed herewith for your information and necessary action.
Yours faithfully,
Enclosure: 01 (One) page
(Md. Alauddin) Director (BRPD-2) Phone: 9530095
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