Regulatory Alerts2023-01-05
Added
BRPD Circular Letter No. 01: Loan/Investment Write-off Policy
The document amends the threshold for writing off small loans without filing a court case under the Debt Recovery Court Act, 2003, raising the limit from BDT 200,000 to BDT 500,000 for agriculture, SME, and other sectors where litigation costs are disproportionately high. This exemption applies only when filing a case is not strictly mandatory under the Act, while all other instructions in the original circular remain in force. The directive applies to all scheduled banks operating in Bangladesh and takes effect immediately.
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