Regulatory Alerts2026-03-25
Added · Updated
BRPD-2 Circular Letter No. 04: Exemption from Section 26kha(1) of Bank Company Act, 1991 for LPG Importers
The document forwards a notification issued by Bangladesh Bank on March 25, 2026, granting an exemption from Section 26kha(1) of the Bank Company Act, 1991, to resolve Letter of Credit complications for LPG importers. Scheduled commercial banks operating in Bangladesh are instructed to take necessary action based on the enclosed notification.
Bangladesh Bank Chief Executive Office Motijheel, Dhaka-1000 Bangladesh. Banking Regulation and Policy Department-2 Ref No.: BRPD-2
11 Chaitra 1432 BRPD-2 Circular Letter No. 04 Date:-------------------- 25 March 2026 Managing Director/Chief Executive Officer All Scheduled Banks operating in Bangladesh Dear Sir, Regarding the provision of exemption from Section 26kha(1) of the Bank Company Act, 1991 to resolve Letter of Credit complications for LPG importers. A copy of the notification No. BRPD-2(R-1)(Review)717/2026-873 issued by Bangladesh Bank on 25 March 2026 on the relevant subject is enclosed herewith for your information and necessary action. Yours faithfully, Enclosure: 01 (One) Md. Alauddin Director (BRPD-2) Phone: 9530095