Regulatory Alerts2021-03-09
Added
SMESPD Circular Letter No. 02: Special loan/investment facility provided to CMSME sector affected by Novel Corona Virus (COVID-19) pandemic
Bangladesh Bank requires all scheduled banks and financial institutions to enter data regarding loan/investment approvals and disbursements under the CMSME special incentive package into a dedicated online dashboard on the bank's website. Institutions must submit Form 'C' to the Information Systems Development and Support Department by March 14, 2021, to obtain user IDs for this dashboard. Additionally, banks must enter all previously approved or disbursed loans/investments related to the package within one week of the circular's issuance and continue sending weekly reports via email to the focal point officer alongside the new dashboard entries. These instructions are effective immediately under Section 45 of the Bank Company Act, 1991.