BB rebukes banks for using CSR funds

CSR funds – On Saturday, Bangladesh Bank (BB) Governor Abdur Rouf Talukder chastised banks for diverting corporate social responsibility (CSR) funds away from their intended purposes.

Such practises, according to the governor, should be avoided. “We should use the fund to benefit society,” he stated.

He also mentioned the central bank’s own CSR fund.

“I discovered it when I joined the central bank. Because BB is not in business, it should not have such a fund “Talukder explained.

CSR funds

The BB governor was the keynote speaker at the 21st Nurul Matin memorial lecture on banking ethics.

The programme was held at the city’s Bangladesh Institute of Bank Management (BIBM).

[ Md. Akhtaruzzaman, Director General of BIBM, and Ashraf Al Mamun, Associate Professor and Director (Research, Development, and Consultancy) of BIBM, also spoke at the event.

The programme was attended by former governors, deputy governors, senior central bankers, government high officials, BIBM’s chair and supernumerary professors, top executives from various banks and financial institutions, university professors, academicians, BIBM faculty members, and media representatives.