Regulatory Alerts2022-04-12
Added
BRPD Circular No. 04: Classification and Provisioning of Other Assets
Bangladesh Bank mandates scheduled banks to classify and provision specific items under 'Other Assets' based on strict aging criteria, requiring 50% provisioning for doubtful status (typically 6 months to 1 year) and 100% for substandard/doubtful status (typically 1 year or more). The circular specifies distinct timelines for categories such as unreconciled advances, legal costs, misappropriated funds, and accrued income, while repealing previous circulars BRPD Circular No. 14 and FEPI Circular No. FEPI(FEMO)/01/2005-677. Banks must submit quarterly reports using Annexure-A and Annexure-B to the Department of Offsite Supervision by the 15th of the month following each quarter.
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