Regulatory Alerts2013-04-30
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BRPD Circular Letter No. 09: The Oriental Bank Limited (Reconstruction) Scheme, 2007
The Bangladesh Bank amends the repayment schedule and implementation timeline of The Oriental Bank Limited (Reconstruction) Scheme, 2007. Specifically, it replaces the final repayment date in Section 7 with a new table extending payments to occur between 60 and 66 months after the fixed date, and extends the scheme's effective start period from five years to five years and six months under Section 10. These amendments apply to all scheduled banks in Bangladesh and take effect from the notification date of April 30, 2013.
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