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City-Group-gets-exemption-from-banking-law

Bangladesh Bank grants City Group special exemption from Banking law for new loans
Bangladesh Bank grants City Group special exemption from Banking law for new loans
Bangladesh Bank has granted City Group a special exemption from certain provisions of the Bank Company Act to enable it to obtain fresh working capital loans. As a result, banks currently face no legal obstacles to extending syndicated loan facilities to five companies under the group.The central bank’s Banking Regulation and Policy Department-2 issued a circular in this regard on Wednesday. It granted a special exemption from Section 27KaKa (3) of the Bank Company Act, 1991, for providing syndi...
Money•04 November 2026