Regulatory Alerts2023-02-06
Added
BRPD Circular Letter No. 04: Preserving audited financial statements in the loan file
The BRPD extends the mandatory deadline for scheduled banks in Bangladesh to preserve audited financial statements and stakeholder reports for specific Cottage, Micro, and Small sub-sector enterprises from January 1, 2023, to January 1, 2025. This directive applies to institutions classified as public interest entities under Section 2(8) of the Financial Reporting Act, 2015, requiring banks to retain these documents in loan files upon approval or renewal. The instruction is issued under the powers granted by Section 45 of the Bank Companies Act, 1991, and takes immediate effect.
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