Dhaka, Bangladesh (BBN)– The country’s commercial banks is going to introduce school banking shortly to bring the new generation within the banking network, officials said.

The decision was taken at a meeting of the representatives of Bangladesh Association of Banks (BAB), held in the central bank on Thursday with Bangladesh Bank (BB) Governor Atiur Rahman in the chair.

Under the banking system, interested students from class six to class twelve will be able to open accounts with banks with a nominal deposit of only BDT 100.

“The representatives of BAB have agreed to introduce school banking across the country in line with the BB governor’s proposal,” a BB senior official said, adding that the central bank chief requested the BAB representatives to launch such banking for acquainting the students with the banking facilities.

At the meeting, the central bank also asked the BAB representatives to maintain the instructions relating to responsibilities and accountability of the board of directors and the chief executive officers (CEOs) of all banks.

On February 4 this year, the central bank of Bangladesh issued a circular in this connection and asked the board of directors and the CEOs of all 47 scheduled banks to maintain the instructions properly.

The board will be vigilant on the internal control system of the bank in order to attain and maintain satisfactory qualitative standard of its loan or investment portfolio, the central bank said.

BBN/SS/SI/AD-19February10-2:56 pm (BST)