Regulatory Alerts2010-11-03
Added · Updated
BRPD Circular No. 33: Prudential Regulations for Consumer Financing
Regulation 21 of the Prudential Regulations for Consumer Financing is amended to prohibit banks from financing the purchase of used cars older than five years. Banks desirous of financing used vehicles must prepare uniform guidelines for determining the value of those vehicles. This change results from an amendment to the Import Policy Order, 2009-2012 and applies to all scheduled banks in Bangladesh.
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