No deposit, lending thru FIs’ biz dev centres

Bangladesh Bank (BB) asked on Sunday financial institutions (FIs) to avoid all financial transactions involving taking deposit and giving loan or lease through the business development centres, according to a central bank circular issued on Sunday. "Business development centres of FIs cannot perform any financial transactions regarding deposit or credit or lease. But, the centre can conduct many activities, including customer services, consultation, complaint receiving and settlement and human resources development, which are not directly related to financing business," the circular said. — BSS