BB asks NBFIs no deposit, lending in centres

Last updated: March 25, 2019

Bangladesh Bank Headquarters

Dhaka, Bangladesh (BBN) - The central bank of Bangladesh has asked the non-banking financial institutions (NBFIs) to avoid all financial transactions including taking deposit and giving loan or lease in the business development centres.

The Bangladesh Bank (BB), the country’s central bank, issued a circular in this connection and asked the managing director (MDs) and chief executive officers (CEOs) of all NBFIs to follow the instruction properly.

“The business development centres of NBFIs cannot perform any financial transactions regarding deposit or credit or lease. But, the centre can conduct many activities, including customer services, consultation, complaint receiving and settlement and human resources development, which are not directly related to financing business,” the BB said in the circular.

Currently, 34 NBFIs are running their businesses across the country.

BBN/SSR/AD

Bangladesh Business News
BBN is the country's oldest Business News and Analysis platform, run by veteran business journalist and analyst that you can rely upon.
© Copyright 2024 - BBN - All Rights Reserved
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram