The Bangladesh Bank on 21st June (Monday) instructed all scheduled banks to spend 50 per cent of their special corporate social responsibility (CSR) programmes in Khulna and Rajshahi divisions as the areas are severely affected by the Indian-variant coronavirus cases.
Earlier, the banks had been asked to spend an additional Tk116 crore on CSR due to Covid-19.
Now, as per the new directive issued by the Banking Regulation and Policy Department, the regular banks have to spend Tk58 crore – half the money in Rajshahi and Khulna divisions.
But if a bank has already spent more than 50 per cent, the amount of new expenditure will vary.
Under the new directive, banks will also be able to implement their special CSR programmes themselves.
Earlier, there were instructions to implement such programmes through deputy commissioners or non-governmental organisations or microcredit institutions.
The previous directive issued on 26th April, asked banks to spend an additional 1 per cent of their 2020 net profits under special CSR programmes. The deadline was extended to 16th August (Monday) in the new directive from 30th June (Wednesday) previously.
According to the new directive, CSR implementation information has to be submitted to the Sustainable Finance Department of the central bank by 31st August (Tuesday) instead of 31st July (Saturday).