Regulatory Alerts2023-12-12
Added
BRPD Circular Letter No. 74: Commencement of Bancassurance
All scheduled banks operating in Bangladesh are authorized to commence the business of marketing and selling insurance products through insurance companies as 'corporate agents' effective Monday, December 12, 2023. This authorization is granted under Section 7(1)(l) of the Bank Company Act, 1991, with the approval of the Government of the People's Republic of Bangladesh. A copy of the relevant notification (BRPD(D-1)/UBIPS/761/2023-10722) dated December 12, 2023, is attached for information and necessary action.
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