Regulatory Alerts2015-02-25
Added · Updated
CIB Circular No. 01/2015: Update of CIB database for loan renewal or regularization in interim periods
Section Ka of CIB Circular No. 01/2002 is replaced to allow Scheduled Banks and Financial Institutions in Bangladesh to update the Credit Information Bureau database outside the monthly batch contribution cycle for loans undergoing renewal, regularization, rescheduling, or adjustment. Banks and FIs must submit a signed application containing the FI contract code, adjustment dates, reschedule count, and a statement confirming compliance with relevant BRPD Circulars, while retaining verified documents. Updated contract information must subsequently be reported in the next monthly batch contribution as living or terminated according to existing rules. This directive takes immediate effect.
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