Regulatory Alerts2017-03-13
Added · Updated
BRPD Circular Letter No. 02: Ensuring proper utilization of loan
The circular instructs all scheduled banks operating in Bangladesh to conduct regular monitoring to ensure loans are utilized for their intended purposes, as required by the revised IFRS guidelines and previous BRPD circulars. Banks must adhere to specific instructions regarding the formulation of credit policies and the verification of fund usage against approved objectives. This directive reinforces compliance with existing regulatory frameworks to prevent the diversion of loan funds.
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