RegAlertRule · BB · 25 Feb 2015
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.
X:\mediaroom\circulars\cib\CIB Circular.doc
Website: www.bb.org.bd
Credit Information Bureau
Bangladesh Bank
Head Office
Dhaka.
CIB Circular No. 01/2015 Date:
February 25 , 2015
Falgun 13, 1421
Managing Director /Chief Executive
All Scheduled Banks & FIs in Bangladesh
Dear Sir,
Regarding update of CIB database in case of renewal/ regularization/ rescheduling/ adjustment of a loan in the interim period of monthly batch contributions. Please refer to CIB circular Letter No. 01/2002 dated August 14, 2002 on the captioned subject. With a view to updating CIB database promptly as a result of renewal/ regularization/ rescheduling/ adjustment of a loan in the interim period of monthly batch contributions and serving special purposes of an individual/institutional borrower, the section ‘Ka’ of the aforementioned circular will be replaced as under:-
1) An application duly signed by the head of the department concerned or higher official has to be sent
for updating the captioned information.
2) The necessary documents have to be verified and preserved by the bank/FIs on their own
responsibility.
3) FI contract code, date of renewal/regularization/rescheduling/adjustment and no. of times
rescheduled have to be mentioned in the application form.
4) The application must contains the statement below:
“The renewal/regularization/rescheduling/adjustment is done in accordance with the relevant BRPD Circulars.”
5) Bank/FIs have to report the updated contract information in next monthly batch contribution as
living or terminated according to the existing rule.
This circular will be effective with immediate effect.
Yours faithfully
(MONSURA KHATUN)
General Manager
Phone: 9530133
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The links and the sentences they come from (1)
- Amends
- CIB circular Letter No. 01/2002 dated August 14, 2002 on the captioned subjectNot in RegAlert
“Please refer to CIB circular Letter No. 01/2002 dated August 14, 2002 on the captioned subject. ... the section ‘Ka’ of the aforementioned circular will be replaced as under:-”
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