Regulatory Alerts2024-03-05
Added
DFIM Circular Letter No. 08: Interest/Profit Rate of Deposit and Loan/Lease/Investment
Finance companies operating in Bangladesh must set the maximum interest or profit rate on deposits at BBSW + 2.50% and on loans, leases, or investments at BBSW + 5.50%. These rates apply to all new deposits collected and loans distributed after the issuance of this circular. All other instructions from DFIM Circular No. 07/2023 remain unchanged, and these directives are effective immediately under Section 41(2)(d) of the Finance Companies Act, 2023.
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