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2013-04-30

Added 2026-08-11 · Updated 2026-08-14

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.

Bangladesh

Bangladesh Bank

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:

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."
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