Regulatory Alerts2022-04-27
Added
BRPD Circular No. 07: Enhancement of Working Capital Limit
The document instructs all scheduled banks operating in Bangladesh to temporarily increase the approved working capital credit limits for borrowers to accommodate rising production costs due to increased prices of raw materials and transportation. This adjustment is to be made on a bank-customer relationship basis, contingent on credit risk mitigation and verification of the customer's financial capacity, to ensure uninterrupted production and maintain the flow of domestic economic transactions. The directive is issued under Section 45 of the Banking Company Act, 1991, and takes immediate effect.
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