Regulatory Alerts2022-11-16
Added
BRPD Circular Letter No. 46: Policy on Interest Waiver
The document requires scheduled banks in Bangladesh to obtain the opinion of the Head of Internal Control and Compliance (HICC) via the internal audit department to justify fund write-offs for interest waivers in circumstances beyond those specified in BRPD Circular Letter No. 06/2022. This directive clarifies the implementation of previous circulars, while all other instructions regarding interest waivers remain unchanged. The instruction is issued under the authority of Section 49(1)(c) of the Bank Companies Act, 1991.
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