Regulatory Alerts2020-10-18
Added · Updated
BRPD Circular Letter No. 51: Financial stimulus package to mitigate probable economic impact due to breakout of Novel Corona Virus (COVID-19)
Bangladesh Bank amends Paragraph 9(b) of BRPD Circular No. 08/2020 to require banks to submit applications for interest/profit compensation to the Account & Budgeting Department within 12 days after the end of each quarter, accompanied by the Banking Regulation & Policy Department's consent. This amendment applies to all scheduled banks operating in Bangladesh and takes effect immediately, while other provisions of the original circular remain unchanged.
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