Bangladesh Keyword: Banking Regulation and Policy Department

July 4, 2023

The Bangladesh Bank has introduced a loan rescheduling facility aimed at providing relief to the country’s shipbuilding industry, which has been adversely impacted by the COVID-19 pandemic and the volatility in the global economy. This policy allows banks to reschedule defaulted loans for borrowers in this sector, granting them a period of 10 years, including […]

May 3, 2023

OBOs are allowed to place funds with their DBUs in an amount up to 25% of the total regulatory capital of the bank to settle import payments for capital machinery, industrial raw materials, and other imports by the government. The circular specifies a relaxation of the limit to bring further flexibility for external transactions, allowing […]

May 3, 2023

Bangladesh Bank stated that it has found that some companies, individuals, and firms that secured loans under the EDF against shipment orders but failed to repatriate the export proceeds were still accessing credit facilities under the EFPF. Per the circular, such companies, individuals, and firms will not be eligible for any new loans against the […]

March 31, 2023

Aiming to mitigate cyber risks and maintain the overall stability of the financial sector, the Bangladesh Bank has issued guidelines on cloud computing, which apply to banks, non-banking financial institutions, mobile financial service providers, payment and settlement systems, payment system operators, and other financial service providers. The guidelines aim to ensure business continuity, resilience, and […]

March 31, 2023

Aiming to maintain an uninterrupted flow of money required for power generation to import fuel oil and other raw materials in the power sector, any organization or group generating power can borrow any amount from a bank. The central bank has waived, for the purpose of lending to electricity producers, the provision of Section 26B(1) […]