Regulatory Alerts2022-07-26
Added
BRPD Circular Letter No. 29: Exemption from the provision of section 26kha(1) of Bank Company Act, 1991 regarding general credit limit to electricity producing companies
The Bangladesh Bank exempts banks from the prohibition in section 26kha(1) of the Bank Company Act, 1991, regarding general credit limits for loans to individuals, institutions, or groups in the electricity production sector for importing fuel and other raw materials for a period of six months from July 26, 2022. While the standard 25% upper limit specified in the Act does not apply, the Bangladesh Bank will determine the specific upper limit for this six-month period.
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