Regulatory Alerts2019-05-23
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BRPD Circular Letter No. 08: Regarding Deposit of Government, Semi-Government, Autonomous and Semi-Autonomous Bodies' Own Fund or Fund Received under Annual Development Program (ADP)
The document advises all scheduled banks operating in Bangladesh to ensure strict compliance with the instructions contained in a memorandum dated May 20, 2019, issued by the Ministry of Finance and the Department of Financial Institutions. These instructions specifically concern the deposit of funds received under the Annual Development Program (ADP) as well as the own funds of government, semi-government, autonomous, and semi-autonomous bodies. The directive serves as a formal reminder to adhere to the regulatory requirements outlined in the referenced government communication.
Subject: BRPD Circular Letter No. 08 Banking Regulation and Policy Department Bangladesh Bank Head Office Dhaka. Jyeshtha 9, 1426 BRPD Circular Letter No. 08 Date: ----------------- May 23, 2019 Managing Director/Chief Executive All Scheduled Banks operating in Bangladesh. Dear Sir,
Regarding the deposit of funds received under the Annual Development Program (ADP) and the own funds of government, semi-government, autonomous and semi-autonomous institutions.
With reference to the memorandum No. 53.00.0000.331.22.001.19-153 (Copy attached) dated May 20, 2019, issued by the Ministry of Finance and the Department of Financial Institutions on the subject cited above, you are advised to ensure proper implementation of the instructions mentioned in the said memorandum.
Yours faithfully, Enclosed: List of copies. (Rup Ratan Pain) Deputy General Manager Phone: 9530336
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