Regulatory Alerts2024-05-15
Added
BRPD Circular Letter No. 23: Single Borrower and Large Loan Exposure Limit
The document instructs all scheduled banks operating in Bangladesh to strictly adhere to the single borrower and large loan exposure limits established in Circular Letter No. 01 dated January 16, 2022, and prohibits any relaxation of these limits. Banks are required to ensure that no borrower exceeds the prescribed single borrower loan limit and must follow specific guidelines for defining groups in the context of large loan exposure. This directive is issued under the powers conferred by Section 45 of the Companies Act, 1991, to maintain banking sector stability and reduce large loan risks.
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