Regulatory Alerts2020-09-29
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BRPD Circular Letter No. 49: Loan Rescheduling of Leather Sector for the Purpose of Purchasing Raw Hides
The Bangladesh Bank extends the deadline for leather traders to submit applications for loan or investment rescheduling for the purchase of raw hides for the Eid-ul-Adha festival until December 30, 2020. This extension applies to borrowers authorized under previous BRPD circulars and letters issued in July 2020. All other instructions contained in those referenced circulars remain unchanged.
Department No.: BRPD Banking Regulation and Policy Department Bangladesh Bank Head Office Dhaka. Ashwin 14, 1427 BRPD Circular Letter No.-49 Date: ------------------- September 29, 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 sacrificed during the 2020 Eid-ul-Adha festival. Reference is drawn to your attention regarding BRPD Circular No.-15 dated July 05, 2020, BRPD Circular Letter No.-36 dated July 09, 2020, and BRPD Circular Letter No.-37 dated July 20, 2020, issued on the subject matter mentioned above. 02. Under the aforementioned circulars, the time limit for borrowers who have received loans/investments from the authorized bank to apply for rescheduling of loans/investments has been extended up to December 30, 2020. 03. Other instructions mentioned in the aforementioned circulars and circular letters will remain unchanged. These instructions are issued under the powers conferred by Section 45 of the Bank Company Act, 1991. Yours faithfully, (Md. Nazrul Islam) General Manager Phone: 9530252
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