Take measures to ‘expedite SME financing activities’
Published : Tuesday, 07 May 2013
The central bank Sunday asked the scheduled banks and non-banking financial institutions (NBFIs) to take steps for enhancing SME-related activities, sources said.
Many banks and NBFIs have not yet started women entrepreneurs' dedicated desk or small and medium enterprises' (SME) help desk, the displaying board showing the names, designations and the number of focal officers and the size of the separate manpower at the head offices and branch level offices for the SMEs, the central bank letter said.
As per the present rule, the banks and the NBFIs concerned are required to report to the SME department of Bangladesh Bank (BB) about the measures taken in this connection by May 16, 2013, the letter mentioned.
The letter said the BB was going to strengthen on-the-spot monitoring as well as conduct investigation at the head offices and the branches of the banks and the NBFIs to make the SMEs effective across the country.
The central bank will take stringent punitive measures in accordance with the existing law against banks and NBFIs, if they are found to be engaged in any irregularities concerning SME financing in the monitoring and inspections, the BB letter also said.
The Bangladesh Bank sent the letter to the chief executive officers (CEOs) of the banks and the NBFIs which was signed by Sukamal Sinha Choudhury, general manager of the SME and Special Programmes Department of BB.
The central bank Sunday asked the scheduled banks and non-banking financial institutions (NBFIs) to take steps for enhancing SME-related activities, sources said.
Many banks and NBFIs have not yet started women entrepreneurs' dedicated desk or small and medium enterprises' (SME) help desk, the displaying board showing the names, designations and the number of focal officers and the size of the separate manpower at the head offices and branch level offices for the SMEs, the central bank letter said.
As per the present rule, the banks and the NBFIs concerned are required to report to the SME department of Bangladesh Bank (BB) about the measures taken in this connection by May 16, 2013, the letter mentioned.
The letter said the BB was going to strengthen on-the-spot monitoring as well as conduct investigation at the head offices and the branches of the banks and the NBFIs to make the SMEs effective across the country.
The central bank will take stringent punitive measures in accordance with the existing law against banks and NBFIs, if they are found to be engaged in any irregularities concerning SME financing in the monitoring and inspections, the BB letter also said.
The Bangladesh Bank sent the letter to the chief executive officers (CEOs) of the banks and the NBFIs which was signed by Sukamal Sinha Choudhury, general manager of the SME and Special Programmes Department of BB.
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