Dhaka, Sept. 7 -- Bangladesh Bank, in a directive, asked all scheduled banks and financial institutions to submit their annual Corporate Social Responsibility (CSR) budgets by February every year.

Chowdhury Liaquat Ali, Director of the Sustainable Finance Department (SFD) of the central bank, issued a notice in this regard on Sunday (Sep 7) and sent it to the top executives of the banks for immediate execution.

The notification also stated that these institutions have to submit their CSR budget, along with a board memorandum, by the end of February each year. The submission must also include information on the previous year's net profit after tax, based on the December-end figures.

Bangladesh Bank has taken this measure is intended to ...