Regulatory Alerts2013-11-21
Added · Updated
DFIM Circular Letter No. 11: Write-off Policy
The document amends previous instructions by allowing financial institutions to write off loans, advances, and leases of 50,000 Taka or less without filing a court case, provided other directives are followed. This exemption applies because litigation costs for small amounts often exceed the debt value. The directive takes immediate effect.
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