Regulatory Alerts2025-03-05
Added
CIB Circular Letter No. 01: Revised Policy Guidelines on CIB Online Service
The Credit Information Bureau (CIB) amends Article 3(1) of Circular No. 2/2011 to require all scheduled banks and finance companies in Bangladesh to upload monthly loan data to the CIB system by the 15th of the following month. Institutions must correct errors and re-upload updated files within seven working days; failure to submit error-free data on time requires a detailed explanation within three days, subjecting the institution to fines of up to 500,000 BDT and disciplinary action against responsible officers. Fines are recovered via account deduction at the Bangladesh Bank Motijheel office, and these revised guidelines take immediate effect.
Topics
Share