Regulatory Alerts2023-03-02
Added
BRPD Circular Letter No. 06: Exemption from the provision of section 26kha(1) of Bank Company Act, 1991 regarding general credit limit to electricity producing companies
The Bangladesh Bank exempts banks from the prohibition in section 26kha(1) of the Bank Company Act, 1991, regarding general credit limits for loans to individual persons, institutions, or groups for importing fuel and other raw materials needed for electricity production. This exemption is valid until December 31, 2023. While the specific upper limit percentage is to be determined by the Bangladesh Bank, the prohibition on lending under this section does not apply during this period.
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