Regulatory Alerts2022-09-21
Added
BRPD Circular Letter No. 38: Regarding Rescheduling of Short-term Agricultural Credit
The Bangladesh Bank extends the validity of the directives in BRPD Circular Letter No. 05/2022 regarding the rescheduling of short-term agricultural credit until December 31, 2022. Consequently, scheduled banks are required to continue rescheduling such loans in accordance with the instructions specified in that circular, despite the issuance of BRPD Circular Letter No. 16/2022. This directive is issued under the powers granted by Section 49(1)(c) of the Bank Company Act, 1991.
Bangladesh Bank Chief Executive Office Motijheel, Dhaka-1000 Bangladesh. Ref No.: BRPD Banking Regulation and Policy Department 21 September 2022
BRPD Circular Letter No. 38 Date: ------------------- 06 Ashwin 1429
To, Managing Director / Chief Executive Officer All Scheduled Banks operating in Bangladesh.
Dear Sir,
Regarding the rescheduling of short-term agricultural credit.
Reference is invited to your attention to BRPD Circular Letter No. 05, dated: 19 April 2022 and BRPD Circular Letter No. 16, dated: 18 July 2022 concerning loan rescheduling and restructuring.
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Notwithstanding the issuance of BRPD Circular Letter No. 16/2022, the directives contained in BRPD Circular Letter No. 05/2022 shall remain in force until 31 December 2022, and short-term agricultural credit shall be rescheduled as usual in accordance with the instructions of the said circular.
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These directives are issued under the powers conferred by Section 49(1)(c) of the Bank Company Act, 1991.
Yours faithfully,
(Maksuda Begum) Director (BRPD) Phone: 9530252