Regulatory Alerts2024-08-25
Added · Updated
SFD Circular Letter No. 02: Distribution of Financial & Relief Assistance in the Flood-prone Areas across the Country under Corporate Social Responsibility (CSR) Programme
The Sustainable Finance Department directs all scheduled banks and finance companies in Bangladesh to immediately provide financial assistance and relief supplies to affected populations in flood-hit areas, including Feni, Noakhali, Chittagong, Cumilla, and Khagrachhari. Institutions are instructed to channel these contributions to the Prime Minister's Relief and Welfare Fund and are advised to classify these expenses under the 'Other Sectors' sub-sector of the 'Other Business' category in their CSR reporting. This directive mandates the immediate implementation of relief efforts for communities rendered homeless due to flash floods and heavy rainfall.