DFIM Circular No. 08: Online reporting of FI Director related information through Bangladesh Bank Web Portal

Ref: DFIM Circular No. 08
Department of Finance and Markets
Bangladesh Bank
Head Office
Dhaka.

DFIM Circular No. 08
Date: 14 Agrahayan 1420
22nd November, 2013

Managing Director / Chief Executive
All Financial Institutions operating in Bangladesh

Dear Sir,

Submission of Financial Institution Directors' Information through Credit Information Bureau (CIB) to the Bangladesh Bank Web Portal.

Reference is drawn to DFIM Circular No. 05 dated 06 May 2010 of this department on the above subject.

1. According to the said circular, financial institutions used to submit directors' information on a December basis by 31st January, and any changes in the board of directors were submitted manually to Bangladesh Bank. From now on, financial institutions will regularly submit their directors' information on a quarterly basis through the Credit Information Bureau (CIB) to the Bangladesh Bank Web Portal.

2. The said CIB must be duly filled and the relevant bank file must be regularly submitted to the Bangladesh Bank Web Portal within 15 days of the following month for each quarter.

3. In the case of newly elected/re-elected directors, it must be ensured by verifying the CIB report that the concerned director(s) are not defaulters.

4. Instructions are given to inform all banks/financial institutions of any change in the board of directors of any institution, update it on their own website, and submit the updated information through CIB to the Bangladesh Bank Web Portal within 7 (seven) days of the change.

5. The relevant link [http://www.bb.org.bd>>Department>>DFIM>>Director>>Submission] can be accessed through the approved link to download the said Credit Information Bureau (CIB) and the guidelines (Instructions) regarding its completion from the Bangladesh Bank website. All instructions for filling out the CIB are provided in these guidelines.

6. To authenticate the information sent online (verification), it is advised to obtain approval from the Managing Director or his nominated/authorized officer before uploading to the Bangladesh Bank Web Portal regarding the details mentioned in the relevant template.

7. If the details are not uploaded to the Bangladesh Bank Web Portal through the relevant CIB within the stipulated time or if uploaded late, action will be taken according to DFIM Circular No. 05/2012.

8. DFIM Circular No. 05/2010 shall be deemed replaced by this circular, and these instructions shall come into force immediately.

These instructions are issued in the public interest under Section 18(c) of the Financial Institutions Act, 1993.

Please acknowledge receipt.

Yours faithfully,

Sd/-
(A. K. M. Amzad Hossain)
Deputy General Manager
Phone No-9530249