In Bangladesh, securing a loan from a bank typically requires providing collateral, with immovable property being the preferred and most secure form of security. However, challenges arise when banks consider other movable assets as collateral. This legislation aims to address these issues by streamlining lending using movable property as collateral and establishing legal protections for […]

Aiming to address emerging legal complexities in loan recovery procedures, the Bangladesh Bank has published a new circular that makes it compulsory for banks to take thumbprints to ensure the proper recovery of depositors’ money. Individuals seeking loans from banks will now be obligated to furnish specific charge documents, contingent upon their borrower status, loan […]