Regulatory Alerts2020-07-20
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BRPD Circular Letter No. 37: Loan Rescheduling of Leather Sector for the Purpose of Purchasing Raw Hides
The Bangladesh Bank extends the deadline for leather sector businesses to submit applications for loan rescheduling for the purchase of raw hides to October 29, 2020. This extension applies to applicants seeking benefits under the authorization of the bank, while all other instructions in the referenced circular remain unchanged. The directive is issued under the powers granted by Section 45 of the Bank Company Act, 1991.
Ref No.: BRPD Circular Letter No. 37 Banking Regulation and Policy Department Bangladesh Bank Head Office Dhaka. Shrabon 05, 1427 BRPD Circular Letter No.-37 Date: ----------------- July 20, 2020 Managing Director/Chief Executive Officer All Scheduled Banks Operating in Bangladesh
Dear Sir,
Regarding the rescheduling of loans/investments for leather traders for the purchase of raw hides of animals slaughtered during the upcoming Eid-ul-Adha festival in 2020.
Attention is drawn to Clause 02(eng) of BRPD Circular No.-15, dated July 05, 2020, issued on the subject mentioned above.
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The time limit for loan/investment recipients to submit applications for loan/investment rescheduling to the authorizing bank for availing benefits under the said circular has been extended until October 29, 2020. Other instructions mentioned in the aforementioned circular shall remain unchanged.
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This directive is issued under the powers granted by Section 45 of the Bank Company Act, 1991.
Yours faithfully,
(Md. Nazrul Islam) Deputy General Manager Phone: 9530252
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