Regulatory Alerts2025-06-25
Added
BRPD Circular No. 06: Instructions to be Followed in Case of Continuous Loan Renewal
The document prohibits the renewal of current loans with additional limits or the transfer of excess amounts to separate new loan accounts. It mandates that current loans must be renewed within their existing limits without adding new limits or creating separate accounts for excess amounts. These instructions are issued under the powers granted by Section 45 of the Bank Company Act, 1991, and take immediate effect.
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