Regulatory Alerts2022-04-10
Added
CIB Circular Letter No. 02: Registration fee for CIB online services, imposition and realization of service charges for CIB reports generated through CIB online system, penalties imposed on banks and FIs failed to contribute batch monthly contribution in time and for disclosure of credit information contained in CIB reports and exaction of money as penalties for these from banks/FIs concerned.
The document mandates that banks submit a monthly list of borrowers exempt from CIB report fees under the refinancing scheme for financial inclusion by the 5th of the following month. This exemption applies to quarterly/landless farmers, low-income professionals, school banking account holders, and micro-entrepreneurs receiving loans up to 300,000 Taka. Banks must attach the loan application and supporting documents for each exempt customer to the submission. All other instructions from the referenced 2011 circular remain unchanged and this directive takes immediate effect.
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