Regulatory Alerts2017-05-31
Added · Updated
BRPD Circular Letter No. 05: Providing the information of lawsuits related to Sick Industries
Scheduled banks operating in Bangladesh are directed to submit quarterly information regarding lawsuits involving sick industrial establishments to the Policy and Financial Incentives Division and Litigation Wing of the Ministry of Industries, as well as to the Banking Regulation and Policy Department of Bangladesh Bank. This reporting must occur within 15 days following the end of each quarter (March 31, June 30, September 30, and December 31). The requirement is issued in response to a memorandum from the Ministry of Industries dated May 9, 2017.
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