Regulatory Alerts2017-08-22
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BRPD Circular Letter No. 09: Resolving Existing Difficulties of Raw Jute Exporters
The document instructs scheduled banks in Bangladesh to determine, on a bank-customer relationship basis, the applicable down payment and minimum deposit requirements for raw jute exporter loans. This directive aligns with instructions from the Department of Financial Institutions, Ministry of Finance, and supersedes previous Bangladesh Bank BRPD Circular No. 15 regarding these specific financial terms.
Banking Regulation and Policy Department Bangladesh Bank Head Office Dhaka. Ref No.: BRPD-09 Date: 07 Bhadra, 1424 BRPD Circular Letter No.- 09 Date: ------------------ August 22, 2017 Managing Directors / Chief Executive Officers All Scheduled Banks operating in Bangladesh. Regarding resolving existing difficulties of raw jute exporters.
Dear Sir,
Reference is invited to BRPD Circular Letter No.- 03, dated 02 May 2017, on the subject above.
- In light of the instruction from the Department of Financial Institutions, Ministry of Finance, Memo No.- 53.00.0000.331.36.002.17-109 dated 24 April 2017, banks may determine, on the basis of the bank-customer relationship, the applicable down payment for raw jute exporter loan accounts and the minimum deposit requirement for new loan approvals, in accordance with Bangladesh Bank BRPD Circular No.- 15, dated 23 September 2012.
Yours faithfully, (Abu Farah Md. Naser) General Manager Phone: 9530252
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