Regulatory Alerts2020-12-31
Added
BRPD Circular Letter No. 63: Loan Classification and Provisioning
Section 10 of BRPD Circular No. 14 dated September 23, 2012 is replaced to require banks to submit detailed statements through CL-1 regarding classification, provision, and interest suspense accounts within 15 days from the reference date. This obligation applies to all scheduled banks in Bangladesh. The circular mandates correct and timely submission, stating that penalties may be imposed for failure to comply. The changes take immediate effect.
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