Regulatory Alerts2018-10-09
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BRPD Circular Letter No. 20: Exemption from compliance of section 26KA(1)(kha) of the Bank Company Act, 1991 in case of investment in ICB's subordinated bond only
The document attaches a notification issued by Bangladesh Bank on October 9, 2018 (Ref: BRPD 651/9(Law)/2018-7575) to inform scheduled banks regarding an exemption from Section 26KA(1)(kha) of the Bank Company Act, 1991 for investments in subordinated bonds issued by Investment Corporation of Bangladesh (ICB). Banks are requested to take necessary action based on this attached notification.
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