BRPD Circular Letter No. 09: The Oriental Bank Limited (Reconstruction) Scheme, 2007

Banking Regulation and Policy Department
Bangladesh Bank
Head Office, Dhaka.
30 April, 2013
BRPD Circular Letter No.-09 Date:---------------- 17 Baisakh, 1420

To
The Chief Executive Officers
All Scheduled Banks operating in Bangladesh.

Dear Sir,
Re: The Oriental Bank Limited (Reconstruction) Scheme, 2007.

With reference to BRPD Circular Letter No.-06 dated 02 August 2007, please be informed that a copy of the Bangladesh Bank notification No. BRPD (AR-1)651/9(10)/2013-186, issued to extend the period of the aforementioned scheme, is enclosed herewith for your information and necessary action.

Kindly acknowledge receipt.

Enclosure: 01 (One) page.

Yours faithfully,
(K. M. Abdul Wadud)
General Manager
Phone-7117825

Banking Regulation and Policy Department
Bangladesh Bank
Head Office
Dhaka.

Notification
30 April, 2013
No.-BRPD (AR-1)651/9(10)/2013- 186 Date:------------------- 17 Baisakh, 1420

In exercise of the powers conferred by Section 77(4) of the Bank-Company Act, 1991 (Act No. 14 of 1991), the Bangladesh Bank hereby replaces sub-section (1) of Section 7 and Section 10 of The Oriental Bank Limited (Reconstruction) Scheme, 2007, with the following provisions, in accordance with the provisions of Section 21 of the Companies Act, 1897:

1. In sub-section (1) of Section 7 of The Oriental Bank Limited (Reconstruction) Scheme, 2007, the phrase "After 60 months from the fixed date mentioned in the last row of the repayment schedule" shall be replaced by the following table:
   "From 60 months to 66 months after the fixed date of an additional 1,00,000 Taka.
   After 66 months from the fixed date of the remaining balance."

2. In Section 10 of The Oriental Bank Limited (Reconstruction) Scheme, 2007, the phrase "Five years after the implementation of this scheme" shall be replaced by "Five years and six months after the implementation of this scheme".

All other provisions of the said scheme shall remain unchanged. The amendments contained in this notification shall come into force from the date of issuance of the notification.

Dr. Atiur Rahman
Governor
Bangladesh Bank