Regulatory Alerts2023-02-02
Added
BRPD Circular Letter No. 03: Loan Classification and Provisioning
Banks in Bangladesh must maintain a general provision of 1% on unclassified amounts for loans to Brokerage Houses, Merchant Banks, and Stock Dealers, reducing the previous requirement of 2%. This directive amends the rules set out in BRPD Circular No. 14 dated 23 September 2012. The requirement applies to all Scheduled Banks in Bangladesh and comes into force from 30th March, 2023.
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