Regulatory Alerts2025-05-08
Added
BRPD Circular No. 04: Master Circular on Regulation for Overseas Banking Operation
This circular establishes comprehensive guidelines for scheduled banks in Bangladesh regarding the establishment of overseas branches, representative offices, subsidiaries, and the purchase of shares in foreign entities. It mandates minimum operational experience, specific credit ratings, and listing status for applicant banks, while requiring detailed feasibility reports and prior approval from the Banking Policy and Regulation Department for all overseas expansions. The document also outlines strict reporting obligations, including the submission of half-yearly and audited annual financial statements, repatriation of net profits, and regulatory inspection reports within specified timeframes, and explicitly repeals the previous 2001 policy circular.