No deposit, lending in business dev center: BB | 2019-03-25 |

No deposit, lending in business dev center: BB

24th March, 2019 11:34:37 printer

Bangladesh Bank (BB) on Sunday asked financial institutions (FIs) to avoid all financial transactions involving taking deposit and giving loan or lease in the business development centers, according to a central bank circular issued in Dhaka on Sunday.

“Business development centers of FIs cannot perform any financial transactions regarding deposit or credit or lease. But, the center can conduct many activities, including customer services, consultation, complain receiving and settlement and human resources development, which are not directly related to financing business,” the circular said, reports BSS.

FIs will have to take approval from Bangladesh Bank before establishing any kind of business center, including customer service center, call center, unit office and sales office, the circular added.