BRPD Circular No. 03: Prudential regulations for consumer financing

The loan-margin ratio for fresh house finance loans under consumer financing is set at 70:30, while the ratio for all other consumer loans, including motor car loans, is set at 30:70. These requirements apply to all scheduled banks in Bangladesh. The instructions take effect immediately.

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Banking Regulation & Policy Department Bangladesh Bank Head Office Dhaka-1000

January 22, 2012
BRPD Circular No.-03 Date: --------------------- Magh 09, 1418

Chief Executives
All Scheduled Banks in Bangladesh.
Dear Sir,
Prudential Regulations for Consumer Financing. Please refer to BRPD Circular No.-34 dated December 29, 2010 and Letter No.-BRPD(P1)661/13/2011-253-300 dated January 25, 2011. Now, it has been decided that loan-margin ratio for fresh loans shall be maintained at 70:30 in case of house finance under consumer financing and 30:70 for all other consumer loans including motor car loans. This instruction shall come into force with immediate effect. Please acknowledge receipt. Yours sincerely, sd/- (K.M. Abdul Wadood) General Manager Phone: 7117825

Lineage: Amended

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Timeline

Amended 2 times · last 2015-01-01

2015-01-01BBBRPD Circular No. 01: Prudential Regulations for Consumer Financingamends
2014-08-13BBBRPD Circular No. 12 : Prudential Regulations for Consumer Financing (Regulation for Auto Loans)amends

Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works