Bangladesh Bank has ordered all the scheduled banks to inform about any temporary or permanent change. The Deposit Insurance Department (DID) of Bangladesh Bank issued a circular in this regard on Tuesday.
According to the circular, banks submit their deposit insurance premiums to Bangladesh Bank every six months. The deposit insurance premium calculation process is being hampered due to the failure of banks to inform the relevant department or DID.
the relevant central bank department be informed in time about any changes made at scheduled banks, to ensure free and transparent accounting, the central bank stated.
Source: The Business Standard