Central bank directs banks to use 131 enlisted firms for collateral valuation
, Sept. 7 -- Bangladesh Bank (BB) has published a list of 131 eligible valuation institutions and companies to conduct asset appraisals for collateral pledged against bank loans, aiming to ensure transparency and accuracy in debt security evaluations.
The central bank issued the directive on Monday through the Banking Regulation and Police Department, instructing all scheduled banks to execute collateral valuations strictly through these approved entities, effective immediately.
Under the enlistment policy introduced on November 28, 2023, the central bank evaluated candidate firms and categorized the 131 approved entities into two groups: 98 firms in Group 'A' and 33 firms in Group 'B'. The instruction was issued under Section 29A of th...
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