Regulatory Alerts2013-11-07
Added · Updated
BRPD Circular No. 13: Write-off Policy
BRPD Circular No. 13 amends the write-off policy for non-performing loans by exempting loans and advances below 50,000 BDT from the requirement to file court cases before write-off. Scheduled banks in Bangladesh may write off these small-amount loans immediately, provided they comply with all other instructions in BRPD Circular No. 02/2003 regarding 100% provision maintenance. This directive takes effect immediately to reduce litigation costs for small loans.
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