Regulatory Alerts2021-03-02
Added
SD Circular No. 01: Regarding updated format of SBS-2 and SBS-3 returns
The Department of Statistics of Bangladesh Bank mandates that all scheduled banks operating in Bangladesh submit updated SBS-2 and SBS-3 returns using a revised format starting from the April-June 2021 quarter. Banks must incorporate specific data fields such as Sector, Deposit Type, Purpose, Industry Scale, Product, and Security Code into Account Opening Forms and Sanction Letters, while also submitting historical data for two or three previous quarters. Upon completion of this retrospective submission, the existing SBS-3.1 and SBS-3.2 formats will be discontinued. Banks are required to generate this reporting data from their own databases and ensure accurate submission by experienced staff at branches and head offices.
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