Regulatory Alerts2024-04-03
Added
DFIM Circular Letter No. 13: Interest/Profit Rate of Deposit and Loan/Lease/Investment
The document establishes maximum interest and profit rates for financial companies in Bangladesh, setting the ceiling for deposit rates at BDT +2.0% and for loans, leases, or investments at BDT +5.0%. These new rates apply to deposits collected and loans distributed after the issuance of this circular, while other instructions from Circular Letter No. 07/2023 remain unchanged. The directive is issued under Section 41(2)(g) of the Financial Companies Act, 2023, and takes effect immediately.
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