StanChart, Citi ink deals with Sonali Bank

FE Report | Published: February 18, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

(from left) Standard Chartered Bank recently signed an agreement with Sonali Bank Ltd to facilitate online tax collection. Mr. Pradip Kumar Dutta, Managing Director & CEO, Sonali Bank; Mr. Hussain Shirazie, Director & Head of Transaction Banking, Standard

As part of the digitalisation initiative of National Board of Revenue (NBR), Standard Chartered Bank and Citibank NA signed separate agreements with Sonali Bank Ltd to facilitate online tax collection.
This facility will shortly be made available to the corporate clients of Standard Chartered Bank. For the first time, corporate clients will be able to make tax payments online, and generate e-Chalan through NBR's e-payment portal.
The initiative is geared toward driving greater convenience for corporate tax payers in the country.
Citibank, N.A., Bangladesh also signed a similar agreement with Sonali Bank Limited to launch "Corporate Tax e-Payment" solution. The National Board of Revenue (NBR) is currently in the process of developing a system where corporate taxpayers will be able to pay tax online.
When this new system goes live, Citi's clients will be benefited for being able to pay taxes online. The signing ceremony was attended by senior officials from Sonali Bank Limited, National Board of Revenue, Bangladesh Bank, International Finance Corporation, IT Consultants Ltd. and Citibank N.A.
Mr. Rashed Maqsood, Managing Director and Citi Country Officer for Bangladesh, highlighted Citi's commitment to deliver world class solutions for corporate clients. This partnership with NBR and Sonali Bank will pave the way towards an electronic era in corporate tax, and further strengthening Citi's continued leadership in the country's electronic banking space.