Banks can show operating cost of street children’s accounts as CSR spending

Staff Correspondent | Published: 23:17, Aug 08,2017

 
 

Bangladesh Bank on Tuesday said the commercial banks would be allowed to bear the operating cost of the accounts owned by street children and child workers from their (banks) respective fund of corporate social responsibility (CSR) programme.
The central bank issued a circular to managing directors and chief executive officers of all banks requesting them to arrange educational programmes and workshops on technical assistance for the street children and child workers so that they will develop themselves as qualified citizens of the country.
The banks will be allowed to show the cost of educational programmes and workshops as CSR.
On March 10, 2014, the BB in a circular asked all banks to allow street children and child workers to open bank accounts with Tk 10 minimum initial deposit.
The central bank took the initiative to help street children develop saving habits and eventually help them step forward towards a better future.
According to the latest BB data, the total deposits in the street children’s accounts stood at Tk 21.56 lakh at the end of March 2017. 

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