BB cuts remittance disbursement time

In a bid to expedite remittance inflow the Bangladesh Bank (BB) cut the time of disbursement to the beneficiaries by a third of the current timeframe.  The central bank in a directive issued Wednesday asked all banks to disburse the remittance to beneficiaries in two working days instead of the current 72 hours or three-day timeframe. "The time limit was reduced to bring more dynamism in the inflow of remittance," the central bank said.    — BSS