Regulatory Alerts2019-05-02
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BRPD Circular Letter No. 05: Regarding Transfer of Jute Sector Outstanding Loans to Block Account
The Banking Regulation and Policy Department of Bangladesh Bank directs all scheduled banks operating in Bangladesh to implement the government's support measures for the jute sector as outlined in the Ministry of Finance's letter dated November 29, 2018. This directive addresses complaints that previous instructions regarding the transfer of jute sector outstanding loans to a block account have not been properly executed. Banks are required to submit a report on the implementation progress as of June 30, 2019, to the department within one month.
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