Regulatory Alerts2023-11-29
Added
DFIM Circular Letter No. 25: Interest/Profit Rate of Deposit and Loan/Lease/Investment
The document establishes the maximum interest or profit rates for deposits and loans, leases, or investments for finance companies operating in Bangladesh. Specifically, the maximum rate for deposits is set at BDT + 2.75%, and the maximum rate for loans, leases, or investments is set at BDT + 5.75%. These directives apply to newly collected deposits and distributed loans issued after the circular's release and take effect immediately under Section 41(2)(d) of the Finance Company Act, 2023.
Topics
monetary
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