Regulatory Alerts2023-07-27
Added
BRPD Circular Letter No. 27: Interest/Profit Rate of Loan/Investment
The document amends the interest rate policy for export-oriented industries by capping pre-shipment export loan rates at the prevailing BBS rate plus 2% and limiting penalty interest on rescheduled loans to 1.5%. These instructions are issued to all scheduled banks operating in Bangladesh and take immediate effect under the powers granted by Section 29(2)(c) of the Bank Company Act, 1991. All other directives from BRPD Circular Letter No. 09/2023 remain unchanged.
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