The Banking and Financial Institutions (Prompt Corrective Actions) Regulations, 2023

Citation text about maintaining a significantly low interest rate margin compared with market or industry practices.

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Jurisdiction: Tanzania
Instrument: Regulation
Citation: The Banking and Financial Institutions (Prompt Corrective Actions) Regulations, 2023
Version: Undated source snapshot
Language: en
Official source: View official record ↗

asset quality Banking and financebanking risk compliance loan classification

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Citation text about maintaining a significantly low interest rate margin compared with market or industry practices. The section says the bank has high overhead expenses in relation to the volume of its activities. This provision defines an increase in the rate of non-performing loans or watch list loans compared with the bank’s overall loans or capital. This section only gives the heading: “Rise in the rate of charge off loans.” This section refers to a rise in the rate of non-performing assets.

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Provisions of The Banking and Financial Institutions (Prompt Corrective Actions) Regulations, 2023

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1
Citation
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AI-assisted research summary: Citation text about maintaining a significantly low interest rate margin compared with market or industry practices.

1. Maintaining a significantly low interest rate margin compared to market or industry practices.
2
Application
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AI-assisted research summary: The section says the bank has high overhead expenses in relation to the volume of its activities.

2. High overhead expenses given the volume of the bank's activities.
3
Interpretation
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AI-assisted research summary: This provision defines an increase in the rate of non-performing loans or watch list loans compared with the bank’s overall loans or capital.

3. Rise in the rate of the non-performing loans or watch list loans compared with the overall loans or capital of the bank.
4
Objectives
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AI-assisted research summary: This section only gives the heading: “Rise in the rate of charge off loans.”

4. Rise in the rate of charge off loans.
5
Mandatory actions for adequately capitalised bank or financial
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AI-assisted research summary: This section refers to a rise in the rate of non-performing assets.

5. Rise in the rate of non-performing assets.
6
Discretionary actions for adequately capitalised bank or financial
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AI-assisted research summary: This section refers to concentration in sources of funds and mentions violations of relevant laws, regulations, circulars, or directives issued by the Bank.

6. Concentration in the sources of funds. D. Violation of the relevant laws, regulations, circulars or directives issued by the Bank. Dodoma, …….., 2023 EMMANUEL MPAWE TUTUBA, Governor 13

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The Banking and Financial Institutions (Prompt Corrective Actions) Regulations, 2023

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Provisions of The Banking and Financial Institutions (Prompt Corrective Actions) Regulations, 2023

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