According to new regulations, banks are required to conduct their own verification for loans of Tk500 crore or above. Additionally, they must appoint an audit firm listed with the Bangladesh Bank to examine the actual utilization of these funds.
Economy
Audit firm mandatory for loans exceeding Tk500 crore
Banks must now engage Bangladesh Bank-listed audit firms to verify the usage of loans amounting to Tk500 crore or more.
Source: The Business Standard