Regulatory Alerts2024-11-14
Added
CIB Circular Letter No. 03: 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
Bangladesh Bank exempts credit information bureau (CIB) charges for micro, small, and medium enterprise (MSME) borrowers receiving loans or investments of 1 million BDT or less. Scheduled banks and finance companies must submit a monthly report of these exempted applicants to the bureau by the 5th of the following month, including documentary proof of MSME status. The directive is issued under Article 44(1) of the Bangladesh Bank Order, 1972, and takes immediate effect.
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