Regulatory Alerts2024-04-08
Added
BRPD Circular Letter No. 19: Obtaining NOC from the concerned authorities of electricity and gas suppliers in case of the bank loan
The document mandates that banks must obtain No Objection Certificates (NOCs) from relevant electricity and gas supply authorities before granting loans for new industrial establishments, excluding those located in Economic Zones or government-designated industrial areas. This requirement was decided by the Cabinet Committee on Economic Affairs on March 21, 2024, to ensure proper land and fuel management and environmental development. The directive is effective immediately and applies to all scheduled banks operating in Bangladesh.
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