BB asks banks to submit PIF statements quarterly

The central bank of Bangladesh has instructed all the scheduled banks to submit their post import financing (PIF) statement to its Department of Off-Site Supervision (DOS) every quarter, officials said.

The banks have also been asked to send a copy of the statement to the Task-force Cell of its Banking Regulation and Policy Department (BRPD), according to a notification issued by the Bangladesh Bank (BB) on Wednesday.

However, the first statement will have to be submitted to the central bank by the end of October this calendar year, it added.

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