Regulatory Alerts2022-07-27
Added
BRPD Circular Letter No. 30: Suspension/ Reduction of Operational and Development Expense
The document mandates the suspension or reduction of operational and development expenses for certain sectors in Bangladesh for the period from July 2022 to June 2023. It prohibits the purchase of new or replacement vehicles and limits spending in categories such as entertainment, travel, computers, electrical equipment, and furniture to a maximum of 50% of the allocated budget. Banks are required to retain related records for inspection and reflect the incurred expenses in their official statements for December 2022 and December 2023.
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