Regulatory Alerts2022-07-27
Added
DFIM Circular Letter No. 16: Saving Expense of Electricity and Fuel
The Department of Financial Institutions and Markets (DFIM) mandates that all financial institutions operating in Bangladesh achieve a minimum 25% savings on their allocated electricity and fuel budgets for the 2022-23 fiscal year. Institutions are required to exercise utmost care in operational savings within these sectors, and any funds allocated for electricity and fuel cannot be reallocated to other categories. This directive is issued under Section 18(c) of the Financial Institutions Act 1993 and takes immediate effect until further notice.
Topics
Share