Regulatory Alerts2022-11-08
Added
BRPD Circular Letter No. 44: Exemption from the provision of section 26kha(1) of Bank Company Act, 1991 regarding general credit limit to coal-based electricity producing companies
The Bangladesh Bank exempts banks from the general credit limit restrictions under section 26kha(1) of the Bank Company Act, 1991, for loans provided to entities for establishing coal-based power plants and purchasing raw materials like coal for electricity production. This exemption applies for a period of five years from November 8, 2022. While the specific upper limit for credit is to be determined by the Bangladesh Bank, the standard prohibition under the Act does not apply during this period.
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