Regulatory Alerts2017-04-03
Added · Updated
BRPD Circular No. 04: Prudential Regulations for Consumer Financing
The document amends Regulation-13 and Regulation-30 of the Prudential Regulations for Consumer Financing to set maximum unsecured credit card limits at Tk. 10 Lac and personal loan limits at Tk. 5 Lac, with absolute caps of Tk. 25 Lac and Tk. 20 Lac respectively when secured by liquid securities. Banks are instructed to ensure that the growth rate of total consumer financing loans does not exceed the growth rate of the bank's total loans. These changes apply to all scheduled banks in Bangladesh and take immediate effect.
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