Banks asked not to hold iftar party on large scale

The Bangladesh Bank has asked banks not to arrange iftar parties on a large scale this Ramadan in order to avoid excessive expenditures.

Abdur Rouf Talukder, governor of the central bank, gave the instruction at a meeting with the managing directors of all banks at the BB headquarters in Dhaka yesterday.

A Bangladesh Bank official said that some banks have already arranged iftar parties by spending a huge amount of money, but the financial condition of banks is not in good shape at this moment.

For this reason, the central bank asked banks not to arrange such large-scale iftar parties, he said.

Earlier, the central bank instructed banks to follow austerity measures due to the business slowdown emanating from the dragging coronavirus pandemic and the Russia-Ukraine war.