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Saturday, September 23, 2023

BB asks banks to spend 60% CSR fund for health sector

Banks were instructed to ensure the full and proper spending for the health sector under their corporate social responsibility (CSR) initiatives amid the current context of pandemic.

The instructions came up from a circular issued on Wednesday.

According to the existing rules, the health sector accounts for 60 per cent of the allocation of the CSR budget of banks, followed by the education sector at 30 per cent and climate change risk mitigation efforts at 10 per cent, reports the Daily Star.

The 60% CSR expenditure in the health sector should be ensured under the current circumstances, it clarified.

It is now inevitable to take constructive steps for the health sector to deal with the crisis in the country’s public health due to the outbreak of Covid-19, the circular adds.

Also the central bank advised banks to carry on regular activities in the health sector and extend cooperation by donating important medical equipment supplies to those are engaged in providing health care services.


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