• Monday, Oct 26, 2020
  • Last Update : 01:22 am

Banks asked to take immediate measures to implement stimulus packages

  • Published at 03:33 pm June 19th, 2020
web-Bangladesh bank-bb
The Bangladesh Bank building at Motijheel Mehedi Hasan/ Dhaka Tribune

Banks have been asked to set up separate help desks at every branch to assist applicants seeking stimulus package loans

The Bangladesh Bank has asked all scheduled banks to take effective measures to immediately implement the stimulus packages announced by the government to fight the impact of coronavirus on the country's economy.

The central bank also asked the banks to set up separate help desks at every branch to assist applicants seeking loans from the stimulus packages.

The Banking Regulation and Policy Department of the central bank issued a circular on Thursday asking the chief executive officers and managing directors of all scheduled banks to take steps in this regard.

The Bangladesh Bank instructed banks to involve head office officials, and all branches and sub-branches in the process of disbursing loans under the stimulus packages the government announced to help businesses and investors overcome the adverse economic impact of the Covid-19 outbreak.

According to the circular, banks will have to settle loan applications within the shortest period after they are received.

Information related to the stimulus packages should be displayed in an easily noticeable place at branches, said the Bangladesh Bank circular.  It added that overall monitoring of the loan packages should be done under the direct supervision of the chief executives of banks. 

The circular said the government has so far announced stimulus packages worth Tk103,117 crore for businesses, the agriculture sector, and the poor.

50
50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail