Head Office Departments
Accounts & Budgeting Department
Bangladesh Bank Library
Bangladesh Financial Intelligence Unit
Banking Regulation and Policy Department
Common Services Department-1
Credit Information Bureau
Department of Banking Inspection 1
Department of Banking Inspection 3
Department of Communications and Publications
Department of Financial Institutions and Markets
Department of Off-Site Supervision
Equity and Entrepreneurship Fund Unit
Expenditure Management Department-2
Financial Institutions Inspection Department
Financial Sector Support and Strategic Planning
Department
Foreign Exchange Investment Department
Foreign Exchange Policy Department
Governor's Secretariat
Human Resources Department 1
Information Systems Development Department
Internal Audit Department
IT Operation & Communication Department
Monetary Policy Department
Research Department
Security Management Department
Special Studies Cell
Sustainable Finance Department
Branches
Barisal Office
Chittagong Office
Agricultural Credit Department
Bangladesh Bank Training Academy
Bankers' Selection Committee Secretariat
Chief Economist's Unit
Common Services Department-2
Debt Management Department
Department of Banking Inspection 2
Department of Banking Inspection 4
Department of Currency Management
Department of Foreign Exchange Inspection
Deposit Insurance Department
Expenditure Management Department-1
Financial Inclusion Department
Financial Integrity and Customer Services
Department
Financial Stability Department
Foreign Exchange Operation Department
Forex Reserve & Treasury Management
Department
Grihayan Tahbil & Fund Management Unit
Human Resources Department 2
Integrated Supervision Management Department
Investment Promotion & Financing Facility Project
Cell
Law Department
Payment Systems Department
Secretary's Department
SME & Special Programmes Department
Statistics Department
Bogra Office
Khulna Office
Motijheel Office Mymensingh Office
Rajshahi Office Rangpur Office
Sadarghat Office Sylhet Office
Accounts & Budgeting Department
Functions

The objectives of Accounts and Budgeting Department are to provide information on the financial
position, performance and change in financial position of Bangladesh Bank. To maintain international
standard all financial statements are prepared in accordance with IAS & IFRS by the department.
A&BD is providing relevant, reliable, and accurate financial information of Bangladesh Bank to the
concerned authorities. The department captures all financial information from other
departments/branch offices/ Sonali Bank etc, and take necessary action to keep and process these
information properly for financial reporting. Particularly the department is responsible to maintain
Government account, Bangladesh Bank own account, operate the back office of the dealing room,
prepare the daily statement of FX reserve position, deal with all activities relating to budget of
Bangladesh Bank & ensure budgetary control.

The major functions are appended below:

. Maintain books of accounts relating to income and expenditure of Bangladesh Bank..
. Prepare daily Trial Balance
. Ensure IFRS/IAS in preparing and presenting Financial Statements.
. Prepare Income Statements monthly, half-yearly and annually.
. Prepare yearly Financial Statements in compliance with IAS / IFRS.
. Prepare the weekly Statement of Affairs showing Assets and Liabilities of Banking & Issue
Department.
. Reconcile the transactions of General Ledger & Subsidiary Ledger and reconcile inter-branch
transactions.
. Prepare provisional and revised budget of the bank; Reallocation of funds within the budget
allocation.
. Frame policies i.e. rules and regulations and issue instructions from time to time pertaining to
maintenance of books of accounts, submission of returns, presentation of financial statements.
. Maintain Government accounts, publish daily cash balance of the government account.
. Verify & settle the transactions of Govt. accounts maintained by Sonali Bank (commercial bank)
as agent of Bangladesh Bank.
. Communicate financial data with CGA and other stake holders of Government transactions.
. Prepare compliance reports on external & commercial audit reports.
. Execute foreign currency transactions through back office.
. Maintain foreign currency transaction & prepare statement of daily reserve position.
. Maintain accounts relating to Central Bank Strengthening Project and makes necessary
arrangement for withdrawal of fund & submission of reports/statements from and to World
Bank.

Bangladesh Bank Library is one of the highly resourceful specialized libraries in the country with rich
collection of books, journals and periodicals. It was started on 1962 as State Bank of Pakistan Library
and after the independence in 1971, it was renamed as Bangladesh Bank Library (BBL). BBL is
situated at the 6th floor of the main building of Bangladesh bank with a total 17,907.23 sqft. space.
BBL provides computerized services to the employees of Bangladesh Bank as well as non-employees
of home and abroad. In addition, BBL assists the countrys research community to access information
and other resources related to economics, banking, management and accounting etc.

Management

The original library was housed in the Dhaka office of Deputy Governor until independence. Then it
becomes a part of Research Department. All administrative function of the Library is under the
supervision of Economic Adviser, Bangladesh Bank. The Library Committee is headed by the Deputy
Governor along with EDs and EA as committee member. As professional chief, Deputy General
Manager of the library takes care of all operational and administrative affairs of the library.

Presently, the Library has mainly two functional divisions namely, Library Division and
Documentation Division. Library Division consists of Library Section and Institutional Repositories
(IR/Archive) Section. Documentation Division consists of Documentation Section and Audio-Visual,
Language and Cyber Section.

Moreover, the two divisions also have Procurement section, Processing section, Reproduction
section, Binding and Clipping section, Administrative section.

Vision:
Bangladesh bank library would become a living repository of the economic and financial
development of Bangladesh, and ready to serve the Bankers' community, development workers,
researchers and being an important resource for enhancing learning capacity of the public by
collecting, organizing and distributing the intellectual capital of the institution and all other banks
and financial institutions.

Mission:
To collaborate with major Bank and Financial Institution Libraries of home and abroad
To provide library services in anticipation
To bring Library resources under RFID technology

Bangladesh Financial Intelligence Unit

Overview of Bangladesh Financial Intelligence Unit
Bangladesh Financial Intelligence Unit (BFIU) is the central agency of Bangladesh responsible for
analyzing Suspicious Transaction Reports (STRs), Cash Transaction Reports (CTRs) & information
related to money laundering (ML) /financing of terrorism (TF) received from reporting agencies &
other sources and disseminating information/intelligence thereon to relevant law enforcement
agencies. BFIU has been entrusted with the responsibility of exchanging information related to
money laundering and terrorist financing with its foreign counterparts. The main objective of the
BFIU is to establish an effective system for prevention of money laundering, combating financing of
terrorism and proliferation of weapons of mass destruction.

BFIU was established in June 2002, in Bangladesh Bank (Central bank of Bangladesh) named as
'Anti Money Laundering Department'. To enforce and ensure the operational independence of FIU,
Anti Money Laundering Department has been transformed as the Bangladesh Financial Intelligence
Unit (BFIU) in 25 January, 2012 under the provision of Money Laundering Prevention Act, 2012 and
has been bestowed with operational independence. BFIU has also achieved the membership of
Egmont Group in July, 2013.

Legal Framework
BFIU works under the provisions of Money Laundering Prevention Act, 2012 and Anti-Terrorism Act,
2009 (including amendments in 2013).

Banking Regulation and Policy Department

Functions
This department is basically responsible for issuance of prudential regulations and guidelines to
ensure a sound and stable banking system. The major areas covered are:

01. Review and drafting of banking statutes.

02. Determination of bank rate, capital adequacy requirements, asset classification and provisioning
standard .

03. Prescribing Criteria for corporate governance and insider lending and monitoring thereof.

04. Setting criteria for internal control and risk management system of banks and monitoring
thereof.

05. Determination of accounting standards and disclosure requirements for banks.

06. Issuance of license for opening of new bank and new business center of existing banks.

07. Effecting disciplinary action against Board of Directors/CEO of banks.

08. Monitoring of law suits lodged by and against banks relating to recovery of loans.

09. Attending to works relating to development of priority/special sectors of the economy.

10. Issuance of directives and compliance thereof under the Banking Companies Act, 1991.

Common Services Department-1

Functions
Purchase of lands for office and residential purpose.
Works relating to appointment of cleaning contractors for Head Office and branch offices.
Works relating to purchase and maintenance of vehicles.
Hiring of Staff buses/cars to provide transport facilities to the staff/officers.
Management of transport pool and telex/fax services.
Purchase and distributions of Computer, computer accessories , Printer, Photo copier and
maintenance thereof.
Works relating to hiring office spaces /residential houses for Bangladesh Bank, Head Office and
branches.
Management of banks immovable properties (Land) both Head Office and branches.
Payment of taxes for banks landed properties.
Payment of bills against various procurement by CSD-1 and other departments.
Payment of bills regarding all civil, mechanical and electrical works related to the office and
residential buildings.
Issuing of certificate for drawing vehicle maintenance cost.
Payment of bills against purchase of paintings and constructions of murals by the Department of
Communications and Publications.
Payment of bills for house rent /BBTA caterer /cleaning contractor of Head Office etc.
Management of Non financial Assets and Inventories.
Receive and dispatch of letters and documents for all departments of Bangladesh Bank Head Office.
Implementation of ERP-MM-Module in Head Office all Branches of Bangladesh Bank.

Credit Information Bureau

Credit Information Bureau (CIB) was set up in Bangladesh Bank (BB) on 18 August 1992 with the
objective of minimizing the extent of default loans. CIB has been providing its online services
since 19 July, 2011. The Online system of CIB is playing an important role to maintain a risk free
lending procedure in banking industry. Currently CIB online services are providing through newly
developed New CIB Online Solution. The New CIB Online Solution developed by BB's internal
resources was started its live operation on 01 October, 2015. It eliminated vendor dependency as
well as reduced huge cost which was incurred by maintaining the previous online system. With
the adoption of highly sophisticated ICT facilities the performance of the CIB services has been
improved significantly in terms of efficiency and quality. It has also appreciably reduced the time
and physical movement for the banks/NBFIs in submission of credit information and CIB report
generation process which ultimately make the loan processing activity faster.
Functions:
Collection of credit information having outstanding balance of Tk. 50,000/- and above and
defaulted credit card information having outstanding balance of Tk. 10,000/- and above from all
scheduled Banks and Non-Bank Financial Institutions.
Prepare a database after validating and processing of that credit information.
Update credit information (contract data) of borrowers according to demand by Banks/NBFIs
during interim period of monthly batch contributions.
Correct credit information (subject data) of borrowers according to the demand by banks/NBFIs.
Provide default information on bank loans of the candidates who participate in National/Local
elections to the election commission whenever it seeks.
Provide credit information to the national Parliament, different ministries, different government
bodies and different departments of BB.
Implement stay order passed by Honorable High Court on borrowers, owner/directors.

Department of Banking Inspection 1

Functions

Bangladesh Bank is empowered to regulate and supervise the banking companies of the country
vide Bangladesh Bank Order 1972 and Section 44 of the Bank Companies Act 1991. The Department
of Banking Inspection-1 (DBI-1) is entrusted with the responsibility of conducting on-site inspection
in the conventional private commercial banks registered in Bangladesh.

The banking industry of Bangladesh comprises of 56 scheduled banks. Out of these banks, 28
domestic conventional private commercial banks are under the jurisdiction of DBI-1. Bangladesh
Bank undertakes on-site inspection of banks to assess their financial health and to evaluate their
performance in terms of quality of management, capital adequacy, asset quality, earnings, liquidity
position as well as internal control systems. Based on the findings of the inspection, banks are
assigned supervisory ratings based on the CAMELS supervisory model and are required to address
the weaknesses identified. DBI-1 examines the books of accounts and related documents/records of
banks under its jurisdiction mainly to ascertain financial soundness of the banks concerned, with a
view to protect the interest of depositors- the major stake holders.

Interaction with external auditor and review of the internal audit report of the concerned
bank/branch for determining effectiveness of internal controls and status of compliance with the
regulatory requirements is an integrated part of this Department's routine activities.

DBI-1 examines asset quality of the banks on the basis of 31st December and ensures reflection of
observation of this inspection in the annual financial statements of the banks. This is ensured
through exchanging views in a tri-partite meeting of concerned bank management, external
auditors and inspection team before finalization of financial statements.

The inspectors of Bangladesh Bank attend the special board meeting of the banks arranged to
discuss irregularities detected in the inspection with a view to ensure proper compliance of the
inspection report. It may here be mentioned that it is mandatory for the banks to arrange that
meeting within two months from the date of receipt of the inspection report.

In addition, the Department conducts risk based and special inspections. Risk-based inspection is
conducted to examine the level of compliance of the Core Risk Management Guidelines by the
regulated banks. Core risk inspections are carried out on annual basis that cover risks associated
with Credit, Internal Control & Compliance, Asset-Liability Management and Information &
Communication Technology. Besides this, special inspections are also carried out to oversee any
special issue either instructed by the higher authority, or receiving any complain from the stake
holders or by the department itself to investigate into any un-usual issue lies with any bank/branch
under it's jurisdiction on self-motivated basis. Department also conducts special inspection on
internet & on-line banking system.

DBI-1 keeps surveillance on risk areas of banks/branches as determined through Integrated

Supervision System (ISS) Software.

Inspection reports are prepared by the inspection teams incorporating their findings and
recommendations are solely meant for compliance by the banks. Varying on circumstances
supervisory letters are issued to the banks highlighting the major areas of supervisory concern that
need immediate rectification or holds supervisory discussions to ensure drawing up of specific,
time-bound and achievable action plan that can be monitored. All these are followed up vigorously.
Specific officer is assigned for specific bank to monitor the state of compliance. The department
maintains incessant contact with the banks. Concerned officials of the department sit in meeting
with the Liaison Committee of the banks at least quarterly to monitor the compliance status and
discuss contemporary issues concerned with the banks.
The department, through its policy unit, formulates operational inspection policy as and when
required. The department arranges meeting of Supervision Committee presided over by the Deputy
Governor, in-charge of supervision on quarterly basis where different policy and operational issues
covering supervision are discussed.

DBI-1 is also entrusted with the responsibility of preparing panel of Chartered Accountant firms for
conducting statutory audit in commercial banks and non-bank financial institutions. Expertise from
the professionals within and outside the Bank is employed in the process of according such
approval.

Department of Banking Inspection 3

Functions
Bangladesh Bank, as the apex institution of banking sector in Bangladesh, is shouldering the
responsibility of supervising the activities of commercial banks/Non-Bank Financial Institutions
(NBFIs) under article 7(A)f of the Bangladesh Bank Order-1972 (Amendments upto 10th March,
2003), section 44 of the Bank Companies Act-1991, Section-20 of Financial Institutions Act, 1993 and
Section-23(1)e of Money Laundering Prevention Act-2012 and section-19(A) of Foreign Exchange
Regulation Act(FERA)-1947. Article 7(A)f of the Bangladesh Bank Order-1972 (Amendments upto
10th March, 2003) read as "to regulate and supervise banking companies and financial institutions".
Above mentioned sections of the concerned laws have empowered Bangladesh Bank to examine the
books of accounts and related documents/records of the banks/NBFIs with a view to ascertain their
financial soundness and quality of portfolios so that banks/NBFIs operation cannot be detrimental to
depositors" interest in general and to the economy as a whole. This department is especially
entrusted with the responsibility of inspecting SME loans activities of all Banks and Financial
Institutions working in Bangladesh.
Department of Banking Inspection-3(DBI-3) conducts different types of inspection which may be
summarized into the following four major categories:
Comprehensive/Regular/Traditional inspection.
Risk based or System inspection and
Special inspection/Surprise inspection.
SME Sector inspection.
a.Comprehensive inspections are conducted on 7 Specialized Banks (SBs) by this department, as per
inspection program, prepared annually and approved by the Deputy Governor. Some key areas of
comprehensive inspection are:-
Evaluation of assets giving emphasis on classification and provisioning;
Assessing capital requirement;
Verification of window-dressing relating to profit;
Review of liquidity position regarding maintenance of SLR & CRR;
Evaluation of loan operation, project financing ;
In-depth Analysis of large loans and concentration of credit;
Detection of fraud, forgery and action taken thereof;
Evaluation of management quality and customer services and
Compliance with various guidelines/instructions/circulars issued by Bangladesh Bank, National Board
of Revenue, Registrar of Joint Stock Companies and Securities and Exchange Commission as well as
respective banks/NBFIs.
b. Risk-based inspections on core risk areas are conducted on half-yearly basis in the banks. These
inspections are conducted covering following key risk areas:-
Asset-Liability Management (ALM),
Credit Risk Management (CRM),
Internal Control and Compliance (ICC) and
Information & communication Technology (ICT).
c. Special inspections and surprise inspections are those which are conducted beyond routine
programs, viz., scrutiny of interest subsidy and the cases relating to the sick industries.
In addition, jobs assigned by higher authorities are carried out by this department. The
Department also examines and monitors the compliance made by the banks/NBFIs, whether their
actions are adequate/appropriate in respect of the implementation of the recommendations
made in inspection reports.

The institutions under the jurisdiction of this department fall within 07 Specialized Institutions,
namely - Bangladesh Krishi Bank(BKB), Rajshahi Krishi Unnayan Bank(RAKUB), Answar-VDP
Unnayan Bank, Karmasagnsthan Bank, Grameen Bank, Probashi Kallyan Bank, Polli Sanchaya Bank
for Comprehensive/Regular/Traditional inspection, Risk based or System inspection and Special
inspection/Surprise inspection.

d. This department conducts inspection on SME service center, SME/Agri Branches. Moreover,
inspection on SME Sectors of all Banks and Non-Bank Financial Institutions (NBFIs) is also
conducted by the department.
An inspection team is required to, inter alia, evaluate the financial position, operational soundness
and management quality of the banks/NBFIs. Besides, During the branch inspection
implementation of policy and guidelines imposed by the regulators, Govt. and bank itself are
examined. During Head Office inspection of a bank, among others its CAMELS rating is also taken
into account, which is one of the determining factors of the frequency of inspection.

Department of Communications and Publications

Functions
The Department of Communications and Publications(DCP) mainly deals with printing and
distributions (within country and abroad) of all types of publications of the bank. It prepares paper
clipping and publishes monthly house journal, `Bangladesh Bank Parikrama'. it also liaises with
Newspapers, Radio, Television and Mass Media and arranges press briefing/press conferences for
the bank authorities. It issues press releases, clarifications and rejoinders, advertisement on behalf
of Bangladesh bank. Besides, the department deals with installation and maintenance of murals and
paintings in different offices of the bank.

Department of Financial Institutions and Markets

Functions
Department of Financial Institutions and Markets (DFIM) regulates and supervises the Non-Bank
Financial Institutions (NBFIs) of Bangladesh. NBFIs are licensed under the Financial Institution Act,
1993 and the Financial Institution Regulation, 1994.

The key functions of this department are addressed below:

Issuance of license for setting up of new NBFIs and branches of existing NBFIs under the Financial
Institution Act, 1993.
Formulation of prudential regulations to ensure the soundness of NBFIs.
Monitoring of the activities of NBFIs to ensure corporate governance.
Conducting of off-site supervision on NBFIs through collecting, analyzing and monitoring various
data/information in regular basis to ensure compliance with policies, regulations and practices by
them.
Assessment of financial and managerial soundness of NBFIs through CAMEL rating and
identification of the shock absorbing capacity through Stress Testing.
Assessment and monitoring of the financial instruments issued by NBFIs, viz the issuance of Zero
Coupon Bonds, Asset backed Securitization Bonds etc.
Implementation of BASEL Accord in NBFIs to ensure Risk Based Capital Adequacy.
At present there are 30 NBFIs in Bangladesh. The contribution of financing activities by NBFIs to
the overall economy persistently has been increasing.

Department of Off-Site Supervision

Objectives

To enhance the safety, soundness and stability of the banking system by overseeing individual
banks on the basis of various returns/financial statements and ensure banking discipline as well as
depositor's interest and confidence in the banking system.

Main Functions

1. Performance analysis and monitoring of the scheduled banks on the basis of CAMELS. Banks
having weaknesses in any areas of operation are brought under Early Warning category or
Problem Bank category and monitored very closely to improve their performance.

2. Monitoring maintenance of Statutory Liquidity Requirements (CRR, SLR) of scheduled banks.

Imposing and realising penal interest and penalty for the shortfall of CRR and SLR.

3. Assessment and monitoring of Capital Adequacy of banks. Review and monitoring of

loans/deposits of Government and state owned Enterprises with scheduled banks.

4. Monitoring the overall credit, deposit, investment and liquidity position of the banking system.

5. Monitoring the activities of the state owned commercial Banks (Sonali Bank Ltd.; Janata Bank
Ltd. Agrani Bank Ltd. and Rupali Bank Ltd.) and two specialized banks (Bangladesh Krishi Bank
and Rajshahi Krishi Unnayan Bank) in accordance with the conditions of MOU signed by the
respective banks.

6. Review of the minutes of the Board of Directors, Executive Committee, Board Audit Committee
meetings and the audited Financial Statements of scheduled banks and advising the banks to
take necessary remedial measures theiragainst.

7. Provide deposit insurance coverage and safety nets to protect depositor's interest and thus
enhance market discipline and systemic stability.

8. Review of the Large Loan portfolio of the scheduled banks.

9. Maintaining asset/liability of the liquidated banks and dealing with the court cases relating to
the properties of liquidated banks, as official liquidator.

10. Attending various complaints against the banks (including those relating to Bank Guarantees.)

Equity and Entrepreneurship Fund Unit

Functions
 The Equity and Entrepreneurship Fund (EEF) was created by the Government of Bangladesh
(GoB) in the financial year 2000-2001 to support two risky but promising sectors such as Agro
based food processing and Software industries. Initially, Tk 100 Crore (1000 million) was
allocated for this purpose, the amount has gradually been increased over the period. The
government has appointed the Bangladesh Bank as the implementing agency of this project
under an agreement signed between the GoB and the Bangladesh Bank on 26 December 2000.
Hence, the responsibility related to the Fund management was given to the Board of the
Bangladesh Bank and a separate Unit (EEF Unit) was formed in the Bangladesh Bank to
administer its operations.

This Unit executed all the policy related and operational functions till 31 May 2009. However,
the operational function has been transferred to the Investment Corporation of Bangladesh
(ICB) under a sub-agency agreement between the Bangladesh Bank and ICB signed on 01 June
2009. Since then, the Bangladesh Bank only involves in formulating Fund management policies
and in monitoring investment activities.

This is a kind of venture capital support of the government to promote above mentioned two
prospective sectors/industries. Entrepreneurs, interested in getting EEF support, have to form
separate private companies under the Company Act 1994 and apply for fund according to the
policy. As per policy, the government provides venture capital to the companies as a
shareholder (ordinary shareholder) for a particular period of time. According to the current
policy, the companies under EEF support should start buying government's shares (under EEF
support) from the fourth year starting from the first installment of funding support at an equal
rate of 20 percent each year, i.e. they should buy back all the shares within eight years. If a
company fails to follow this instruction, the Bangladesh Bank has the right to convert total
share value (face value) into a loan at an interest rate as decided by the Bangladesh Bank. EEF
supported companies are also instructed to provide appropriate dividend and appreciated value
of the shares to the government.

Interested entrepreneurs/ companies are requested to contact ICB ( www.icb.gov.bd) for further
information. Please note that receiving new application is stopped now for the time being.

Expenditure Management Department-2

Functions
Brief description of the functions of various sections of EMD-2 are outlined below :
(1) GM Section
Receiving the upcoming different letters;
Inward all letters;
Communicate with different departments.
(2) General Section
General Administration of the Department;
Compliance of Internal, External and Commercial Audit memos;
Posting Voucher in the ledger of different sections;
Maintaining ICT security related documents;
Arranging Departmental monthly meeting;
Provide support for strategic planning of the department;
Distributing Inwards letters among the sections of the department.
(3) Miscellaneous Payment Section
Payment of donation and subscriptions to local and foreign Institutions;
Arrangement for supply of liveries to eligible C & D category staff;
Payment of coolie/ labour charges, washing charges etc.
Payment of paper bills, legal bills, advertisement bills, postal/courier bills, late sitting bills of
officers and cleaning contractors bills;
Payment of advance for buying presentation and refreshments for the employees of the bank who
proceeded on PRL;
Payment of local conveyance, pocket money, hotel bills etc. for training purposes;
Payment of all sorts of honorarium;
Payment all sorts of entertainment / refreshment bills and shifting charges;
Payment of salary of Ornate MLSS, Ornate guard, Ornate Telephone operator and bonus of Ornate
MLSS, Ornate guard;
Payment of course fees of locally and abroad;
Supply of all sorts of crockerys, office bags and briefcases;
Payment of bills relating to training conducted by BBTA and other departments of Head Office held
in branch offices;
Reimbursement of cost incurred by high officials for maintenance of cars;
Reimbursement of cost for carrying dead body and burial purposes;
Supply of Aerosol, Air Freshener, Car scent, Facial and Toilet Tissues etc. ;
Maintenance of petty Cash;
Submit monthly vat statement to NBR.
(4) Dead Stock and Stationery Section
Enlist farms to supply stationery articles and office furniture for Head Office;
Procure & pay bills, then maintain record of all dead stock and stationery items;
Fixture, repair & maintain furniture of Head Office;
Disposal / sale of old / broken dead stock articles by auction;
Supply of all sorts of stationery articles to staff / officers;
Allotment of code numbers for new registers, forms, stationery articles etc.
Supply and fixture vertical blind and curtain;
Allocate budget and pay bills for the publications published by DCP;
Supply of all sorts of printed items by printing to Head Office;
Supply of Issue dept. stores goods to all branch offices;
Submit monthly vat statement to NBR.
(5) Telephone Section
Arrangement for connection and installation of official / residential / PABX / Direct Telephones, Fax,
SWIFT net connectivity etc. ;
Procurement of Land Telephone / Mobile set / Fax / Franking machines and related accessories;
Repairing of Telephone, Fax etc. ;
Payment of monthly Mobile / Telephone / Fax / Internet bills;
Maintenance of PABX and Intercom system.
(6) Medical Bill Section
Preparing and distributing cheque of monthly medical allowance for the retired staff / officers;
Payment of Health Insurance Bills in case of foreign tour / training.
(7) Expenditure Section
Pest control related work of Head and branch offices;
Sanction of Death Benefits and Compassionate Allowances for the members of the deceased
employees of branch offices ( other than Head Office);
Payment of Medical Allowance to retired employees.
(8) Safeguard Section
Perform safeguard checking for payments made to external vendors;
Mandatory checking of contractors bill amount Tk. 10,000/- and above;
Sample checking of pay and allowances given to Bangladesh Bank employees on monthly basis.
(9) Pantri Section
Supply of different kinds of refreshment to departmental meeting and other occasion with different
stake holder.

Financial Institutions Inspection Department

Functions
Bangladesh Bank is empowered to regulate and supervise the non-bank financial institutions of the
country vide Bangladesh Bank Order 1972 [article 7A (f)] and section 20 of the Financial
Institutions Act, 1993. Financial Institutions Inspection Department (FIID) is entrusted with the
responsibility of conducting on-site inspection in the non-bank financial institutions registered in
Bangladesh.
Currently 33 financial institutions (FIs) got license from Bangladesh Bank. Out of these financial
institutions, 31 financial institutions are under the jurisdiction of financial institutions inspection
department. Bangladesh Bank undertakes on-site inspection of financial institutions to assess their
financial health and to evaluate their performance in terms of quality of management, capital
adequacy, asset quality, earnings, liquidity position as well as internal control systems. Based on
the findings of the inspection, financial institutions are assigned supervisory ratings based on the
CAMELS supervisory model and are required to ascertain financial soundness of the financial
institution concerned, with a view to protect the interest of depositors- the major stakeholders.
Interaction with external auditor and review of the internal audit report of the concerned financial
institution/branch for determining effectiveness of internal controls and status of compliance with
the regulatory requirements is an integrated part of this Departments routine activities.
FIID examines asset quality of the financial institutions on the basis of 31st December & 30th June
(partially, for 3 FIs) and ensures reflections of observation of this inspection in the annual financial
statements of the FIs. This is ensured through exchanging views in a tri-party meeting of concerned
FI management, external auditors and inspection team, before finalization of financial statements.
In addition, the department conducts risk based and special inspections. Risk-based inspection is
conducted to examine the level of compliance of the core risk management guidelines by the
regulated FIs. Core risk inspections are carried out on annual basis that cover risk associated with
credit, internal control & compliance, asset-liability management and information & communication
technology security. Besides, these special inspections are also carried out to oversee any special
issues either instructed by the higher authority, or receiving any complain from stakeholders or by
the department itself to investigate into any un-usual issue lies with any FI/Branch under its
jurisdiction on self motivated basis.
The department also handle various types of complain raised by different stakeholders (customers,
financial institutions, employees of FIs, owners of FIs etc.). It conducts inspection on the basis of
complains where deemed necessary. This the investigative part of the departments work that is
done to resolve different discontents aroused. Apart from that FIID also take care of various law
cases such as writ, notice demanding justice etc. which are aroused from the operation of financial
institutions.
Inspection reports are prepared by the inspection teams incorporating their findings and
recommendations are solely meant for compliance by the FIs. Varying on circumstances,
supervisory letters are issued to the FIs highlighting the major areas of supervisory concern that
need immediate rectification or holds supervisory discussions to ensure drawing up of specific, time-
bound and achievable action plan that can be monitored. All these are followed up vigorously
through compliance report. Specific officer is assigned for specific FI to monitor the state of
compliance. The department maintains constant contact with the FIs. The department also
formulates operational inspection policy as and when required.

Financial Sector Support and Strategic Planning Department

Functions
Bangladesh Bank has been implementing the Central Bank Strengthening Project (CBSP) with
financial assistance of the International Development Association (IDA). The objective of the project
is to develop Bangladesh Bank into an effective and modern central bank through strengthening its
capability to play due role as the country's monetary authority as well as regulatory and supervisory
authority of the banking sector.
CBSP has the following major components and sub-components:
1. Strengthening the Legal Framework
2. Reorganization and Modernization of Bangladesh Bank
a. Functional Reorganization
b. Automation of BB
c. Human Resource Development
3. Capacity Building
a. Strengthening Research Department
b. Strengthening Prudential Regulation and Supervision
c. Strengthening Accounting and Auditing
In order to ensure coordinated and concerted approach towards achieving the overall objectives of
the project, the core team in CBSP Cell is overseeing the implementation of various reform and
automation initiatives.
Foreign Exchange Investment Department
Functions
1. Dealing with the cases of shares transferred to resident by the non-resident and accord
permission for outward remittance of the sales proceeds of the shares held by the non-
residents of a company incorporated in Bangladesh not listed with Stock Exchange after
determining per share value.
2. Dealing with the cases of outward remittances in connection with opening of representative
office in abroad by Bangladeshi companies/firms.
3. Dealing with the cases of share lending to a non-resident by the resident as per Section 18(2)
of the Foreign Exchange Regulations Act, 1947.
4. Dealing with the cases of outward remittances to meet necessary capital/revenue expenditure
to establish exchange houses in abroad by Bangladeshi Banks.
5. Dealing with the cases of capital investment/equity participation in abroad by a Bangladeshi
individual/firm.
6. Monitoring of foreign portfolio investment of foreign investors in Bangladesh through NITA.
7. Monitoring the activities of subsidiaries of Bangladeshi companies in abroad established under
the directives stated in Para 23 of Ch-16 of the Guidelines for Foreign Exchange Transactions.
8. To accord permission under Section 18A of the Foreign Exchange Regulation 1947 to the
individuals/firms/companies to work as agents in Bangladesh of non-resident companies/firms
and monitoring repatriation or receiving commission as agent.
Agents:
Indenting Agent
Buying Agent
Courier Service Agent
Freight Forwarder Agent
Shipping Agent
General Sales Agent of foreign Airlines
Pre-shipment Inspection Agent
Local Agents
Satellite Channel Distributors
Internet Service Provider etc.
9. Releasing funds in favor of Bangladeshi individuals or firms earned as consulting fees or other
fees without obtaining prior permission from Bangladesh Bank.
10. To accord permission under Section 18A of Foreign Exchange Regulation Act, 1947 for foreign
nationals employed in Bangladesh (those who are employed in branch/liaison offices of foreign
companies/firms).
11. To accord permission for opening branch/liaison Office in Bangladesh by foreign entities
including airlines, companies, firms under Section 18B of Foreign Exchange Regulation Act,
1947 and monitoring the remittance as sales proceeds thereof.
12. Post-facto checking of profit remittance of branch offices of foreign banks.
13. Post-facto checking of profit remittance of branch offices of foreign companies/firms.
14. Post-facto checking of dividend remittance of foreign share holders of Bangladeshi companies.
15. Post-facto checking of remittance of Royalty/technical know-how/management fees, audit fees,
travelers' fees, software fees (training, installation, purchase), travel agents' fees, global
health care fees, expatriate's salary, etc.
16. Post-facto checking of remittance of Management fees/salaries/insurance premium, etc. of
foreign expatriate of the international hotels, e.g. Pan Pacific Sonargaon Hotel, Hotel Sheraton,
Hotel Radisson and Westin.
17. To accord permission for remittance of Management fees/salaries/insurance premium, etc. of
foreign expatriate of the international hotel Westin.
18. Formulation of policy/guidelines for service sector as a whole related to permission under
Section 18A of Foreign Exchange Regulations Act, 1947.
19. Examination of draft bilateral investment promotion agreements with different countries and
international agencies relating to investment and providing opinion as asked by different
government authorities on the issue.
Providing opinion to various government authorities on service sector industry and its policy
20.
matters.
21. Preparing summary statement for the Honorable Governor on the proposals of private sector
foreign borrowing sent by the Board of Investment to the Governor as the Chairman of the
Private Foreign Loan Scrutiny Committee.
22. Miscellaneous.

Foreign Exchange Policy Department

Functions
The FEPD is responsible for formulating and implementing policies related to foreign exchange and
makes institutional arrangements for receipts and payments and settlements with the external
world in terms of the authority vested in Bangladesh Bank by the Foreign Exchange Regulation
(FER) Act. 1947 as adapted in Bangladesh specifically,
01. It sets the criteria and conditions for holding and dealing in foreign exchange by resident
entities and issues licenses to Authorised Dealers and Money Changers.

02. It sets supervisory and monitoring guidelines for offsite and onsite supervision of foreign
exchange transactions and formulates & implements instructions regulating inflows and outflows
on external settlements in both the current and capital accounts, including external borrowings and
amortization payments.

03. It formulates policies and makes institutional arrangements in regards to exchange rates.

04. It maintains liaison between the Bangladesh Government and foreign bilateral/multilateral
agencies on the issues of
(I) external trade
(II) receipt and utilization of official grants/Loans
(III) private inflows of remittances, etc.

05. It initiates legal proceedings to address violations of Foreign Exchange Regulation Act-1947 as
adapted in Bangladesh.

06. It monitors reporting of foreign exchange receipts against exported goods and receipt of goods
against paymentfrom Bangladesh.

07. It supervises and monitors Authorised Dealers (AD) and ensures compliance of ADs with the
prudential supervisory limits on their open exchange positions.

Governor's Secretariat
01. The department attends to all matters relating to the meetings of Board of Directors,
Executive Committee and Audit Committee. Besides, it arranges meeting of Executive
Management Team.
02. It attends to all matters relating to participation of Bank's top Executives (Governor and
Deputy Governors) in various Meetings, Seminars, Conferences, Symposia and Workshops
etc. both in home and abroad.
03. It prepares different statements (Monthly, Half-yearly and Yearly) regarding Banks
information and sends those to the concerned ministry.
04. The department allots 'meeting room' for holding meetings organized by different
departments of the Bank.
Human Resources Department 1
Functions
Human Resources Department-1 (HRD-1) manages centrally the manpower of the bank at work
places through resourcing, placement, performance etc. It emphasizes Human Resources (HR)
activities related to strategic and value addition involving the designing, updating and amending HR
policies and procedures for continuous improvement.

To execute the above mentioned issues - HRD-1's functions are accomplished under the following
wings:

Planning, Promotion & Transfer Wing.

Recruitment & Outsourcing Wing.
Recognition and Reward Wing.
Performance Management Wing.
Organization & Development Wing.
Enterprise Resource Planning (ERP) Unit.
Branch Office Service Unit (BOSU).
Regulation Desk.
1. Planning, Promotion and Transfer Wing:

Manpower inventory.
Annual manpower planning.
Resourcing strategy.
Job descriptions, Job analysis and job evaluation.
Organizational Matters such as creation, merging, re-structuring of
office/department/division/wing/section/cell/unit/project or any other organizational unit.
Policy and procedure of career management.
Career path/Broad banding.
Plan for annual promotion/up gradation.
Preparing seniority list, panel for promotion and transfer.
Promotion and placement.
Preparing policy and procedure for transfer/posting.
All kinds of transfer/posting according to rules as and when required.
2. Recruitment and Outsourcing Wing:

This wing is responsible for attracting, selecting & recruiting the right people for the right job
from the job market for Bangladesh Bank through a rigorous process in order to ensure quality
manpower. Besides, this wing outsources supporting staff and also responsible for contractual
recruitments at different levels. Bangladesh Bank is proud of its highly professional,
transparent objective approach in its recruitment and selection process. A series of selection
procedures are applied before hiring employees. Normally the candidates go through the
process of MCQ test, written test and viva voce interview. The viva voce interview is conducted
by approved team/teams comprising of internal as well as external professionals of the
relevant area. This wing also entrusted with the task of confirmation of employees after
successful completion of their 1 (one) year service depending on the post and job criteria.

3. Recognition and Reward Wing:

In order to foster a culture of acknowledgement and appreciation amongst Bangladesh Bank

employees for introducing innovative business practices, showing extra ordinary efforts for
achievement of goals and enhancing Bank's corporate image, this wing takes initiative to
reward the Bangladesh Bank employees as per Recognition & Reward Policy. This wing also
delivers "Bangladesh Bank Award" once a year to the renowned economist of Bangladesh who
contributes in the national economy.
Focal Point Desk (Central Information Unit) under this wing is responsible for providing
 information regarding Bangladesh Bank to the Bangladeshi Citizens who seek information as
per the 'Right to Information Act, 2009'. Focal Point Desk is also responsible for collecting,
consolidating and compiling of public grievances and complains from all departments/Offices of
Bangladesh Bank and sending consolidated statement to the Ministry of Finance.
This wing is also responsible for arranging "General Managers Conference" & also has a great
involvement in modification and modernization of Performance Management System.

4. Performance Management Wing:

Providing unique APE to different offices and departments.

Collection and maintenance of APF, making computer entry and preservation of the data in a
confidential way are set as its foremost actions of PM Wing.
PM Wing is also responsible for providing the confidential data to Promotion Advisory
Committee.
Providing confidential data to the respective authority in case of confirmation/selection
grade.
PM Wing also perform the duty for providing data for pension benefit.

5. Organization & Development Wing:

To analyze and give opinion on organizational matters and organizational structure related
issues of different departments, wings, units and sections of the bank.
Give opinion and advise regarding current manpower strength, manpower's demand, future
demand, specialized manpower demand etc.
Give opinion and advise regarding creation of new post/post up-gradation/ transfer of
post/change of existing cadre/post abolition etc.
Preparation of different development planning and policy.
Any other tasks related to organizational development.

6. ERP (Enterprise Resource Planning) Implementation Unit:

Implementation of ERP/SAP to modernize/automate BB-HR related business processes.

Updating employees' data.
Entrusted to monitor, trained and help employees to implement different HR related
software; like-
Leave Management System .
Document Management System etc.
Building Maintenance System (automated Job Slip System).

7. Branch office service unit (BOSU):

Monitoring BB Branch office related services and taking steps to resolve the pending issues
thereof.

8. Regulation Desk :

Updating HR Policy, Rules, Regulations

Formulation/compilation/development/updating of various policies, regulations and guidelines.
Preparation/modification of BB Staff Regulations.
Formulation of policies regarding employees benefit.
Implementation of Board, EC, GIC, management decisions
Preparation of HR related Board Memo.
Preparation of Administration Circular/Circular Letters/Office Orders etc.
Circulation of the same to concerned offices and departments.
Placement of demand letters of CBA/Council/Associations
Receiving various types of demand letters.
Analyzing the same.
 Preparation/placement the issues.
Implementing decision thereof.
Freedom fighter issues
Receiving application/information from BB Freedom Fighter employees as well as Govt.
authority.
Analyzing/compilation the information.
Placement for management decision.
Implement the decision/sending the same to the Ministry of Finance.
Implementing Ministry's decision/Issuance of Staff Order.

Any other task/duties as directed by the authority.

Information Systems Development Department

Functions

IT Operation and Communication Department undertakes various ICT related activities in order to
facilitate automated operations, maintenance of bank's hardware & software. It also provides
network facilities, communication, maintenance support to different departments and branch offices
enhancing efficiency, effectiveness of ICT operations. The department involves in planning and
evaluation of hardware and software procurement of Bangladesh Bank.

This department is working towards making paperless Bangladesh Bank through developing
applications and systems like BB Intranet, BB website, Foreign Exchange Transaction Monitoring
System, FX Agent Management, e-Recruitment, e-Tender, e-Library, Medical Information System,
Large Loan Monitoring, Corporate Memory Management, Audit Management, Banking Inspection
etc. This department is also providing assistance in implementing various outsourced applications
like Enterprise Resource Planning(ERP), Banking, Enterprise Data Warehouse(EDW), National
Payment Switch(NPSB) etc. and provide necessary maintenance support for smooth operation of
the same.

This Department is involved to develop and maintain ICT Security policies for BB, and guidelines for
Scheduled Banks and FIs. It also involves in audit/inspection in ICT operation activities of
Bangladesh Bank and all other banks and FIs. It also provides assistance to government and non-
government institutions to automate their functionalities. It is now working with NBR and Customs
authority to mitigate the gaps of information through data transmission of L/Cs.

Apart from these in association with Bangladesh Bank Training Academy, it also imparts regular
training on computer operations, software packages, ICT security etc.

Internal Audit Department

Mission and Scope of Work

Internal Audit is to provide independent, objective assurance and consulting services designed to
add value and improve the Bangladesh Bank operations. It is to help Bangladesh Bank (the Bank)
accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve
the effectiveness of risk management, control, and governance processes.

The scope of work of the Department is to determine whether the Bank's network of risk
management, control, and governance processes, as designed and represented by management, is
adequate and functioning in a manner to ensure:

Risks are appropriately identified and managed.

Interaction with the various governance groups occurs as needed.

Significant financial, managerial and operating information is accurate, reliable, and
timely.

Employees' actions are in compliance with policies, standards, procedures, and
applicable laws and regulations.

Resources are acquired economically, used efficiently, and adequately protected.

Programs, plans, and objectives are achieved.

Quality and continuous improvement are fostered in the Bank's control process.

Significant legislative or regulatory issues impacting the Bank are recognised and
addressed appropriately.

Opportunities for improving management control, profitability and the Bank's image may be
identified during audits. They will be communicated to the appropriate level of management.

Accountability

Internal Audit Department in the discharge of its duties, shall be accountable to management and
the audit committee to:

Provide annually an assessment on the adequacy and effectiveness of the Bank's

processes for controlling its activities and managing its risks in the areas set forth
under the mission and scope of work.

Report significant issues related to the processes for controlling the activities of the
Bank and its affiliates, including potential improvements to those processes, and
provide information concerning such issues through special reports.

Periodically provide information on the status and results of the annual audit and
inspection plan and the sufficiency of department resources.

Co-ordinate with and provide oversight of other control and monitoring functions
(risk management, compliance, security, legal, ethics, environmental, external audit).

Responsibility

The General Manager and officers of Internal Audit Department have responsibility to:

Develop a flexible annual audit & periodical inspection plan using an appropriate
risk-based methodology, including any risks or control concerns identified by
management and submit that annual audit plan to the audit committee for review and
approval as well as periodic updates.

 Implement the annual audit & periodical inspection plan, as approved, including as
appropriate any special tasks or projects requested by management and the audit
committee.

Maintain a professional audit staff with sufficient knowledge, skills, experience, and
professional certifications to meet the requirements of the Charter.

Evaluate and assess significant merging/consolidating functions and new or changing
services, processes, operations, and control processes coincident with their
development, implementation, and/or expansion.

Issue periodic reports to the audit committee and management summarising results
of audit activities.

Keep the audit committee informed of emerging trends and successful practices in
internal auditing.

Provide a list of significant measurement goals and results to the audit committee.

Assist in the investigation of significant suspected fraudulent activities with the Bank
and notify management and the audit committee of the results.

Consider the scope of work of the external auditors and Government, as appropriate,
for the purpose of providing optimal audit coverage to the Bank at a reasonable overall
cost.

IT Operation & Communication Department

Functions

IT Operation and Communication Department undertakes various ICT related activities in order to
facilitate automated operations, maintenance of bank's hardware & software. It also provides
network facilities, communication, maintenance support to different departments and branch offices
enhancing efficiency, effectiveness of ICT operations. The department involves in planning and
evaluation of hardware and software procurement of Bangladesh Bank.

This department is working towards making paperless Bangladesh Bank through developing
applications and systems like BB Intranet, BB website, Foreign Exchange Transaction Monitoring
System, FX Agent Management, e-Recruitment, e-Tender, e-Library, Medical Information System,
Large Loan Monitoring, Corporate Memory Management, Audit Management, Banking Inspection
etc. This department is also providing assistance in implementing various outsourced applications
like Enterprise Resource Planning(ERP), Banking, Enterprise Data Warehouse(EDW), National
Payment Switch(NPSB) etc. and provide necessary maintenance support for smooth operation of
the same.

This Department is involved to develop and maintain ICT Security policies for BB, and guidelines for
Scheduled Banks and FIs. It also involves in audit/inspection in ICT operation activities of
Bangladesh Bank and all other banks and FIs. It also provides assistance to government and non-
government institutions to automate their functionalities. It is now working with NBR and Customs
authority to mitigate the gaps of information through data transmission of L/Cs.

Apart from these in association with Bangladesh Bank Training Academy, it also imparts regular
training on computer operations, software packages, ICT security etc.
Monetary Policy Department
Functions

The Monetary Policy Department (MPD) formulates monetary policy in the form of projected
growth path of broad money M2 as an intermediate target, consistent with projections for GDP
growth and targeted limit for price inflation over each fiscal year.Reserve money (currency in
circulation and balances of banks with the Bangladesh Bank) is used as a main instrument for
implementation of monetary policy, in the annual reserve money program formulated by MPD.
The MPD prepares Monetary Policy Statement - the half-yearly release of Bangladesh Bank's
monetary policy stance that is going to be adopted in next six months. The policy stance has been
set based on the assessment of the real sector, external sector, and fiscal and monetary
developments in preceding six months and the outlook for near future.
The MPD arranges the monthly Monetary Policy Committee (MPC) meeting.
The MPD issues circulars on monetary policy measures related to the department.
The MPD prepares "The Major Economic Indicators: Monthly Update" for reviewing current
economic situations of Bangladesh for the meeting of Board of Directors of Bangladesh Bank.
The MPD prepares background papers for the auction committee's decisions in the meetings for
auction of government treasury bills and treasury bonds. These background papers cover ongoing
developments in the overall liquidity situation, government's borrowings from the banking
system, various components of broad money, reserve money and macro-economic indicators.
Since introduction of repurchase agreement (Repo) and reverse repo MPD has been participating
as one of the members of the auction committee. It supplies the required statistics/information to
the committee in taking decision and issues press release on the auction result on regular basis.
The MPD prepares statements on liquidity forecasting on daily basis for maintaining the excess
reserves as well as targeted path of reserve money. The MPD analyses borrowing of scheduled
banks from Bangladesh Bank on monthly basis.
The MPD works out the nominal and real effective exchange rate indices on continuous basis, with
a view to monitoring the external competitiveness of Taka vis-a-vis other major currencies.
The MPD prepares fortnightly and monthly reviews of the current economic situation covering
developments in real and financial sector of the economy.
The MPD monitors net international reserves (NIR), reserve money, broad money and statement
on domestic financing with a view to see if any of that variable deviates from the set target.
The MPD conducts study on monetary and exchange rate policies and other economic issues. It
also provides comments and makes recommendations on various issues like money market,
exchange rate, national budget and other international financial affairs.

Research Department
Functions
The main function of the research Department is to prepare necessary reports and carry out
research works on an ongoing basis for providing guidelines for policymaking of the higher
authority and to help formulate countrys monetary policy in the context of economic growth,
balance of payments position and government fiscal stance with a view to stabilizing inflation.
This Department coordinates the IMF country consultations with comprehensive macroeconomic
data and information on different sectors of the economy to the visiting IMF missions for their
surveillance and eventual negotiations for financial and technical assistance.
The Department prepares the Banks Annual Report and the Quarterly Bangladesh Bank Bulletin.
It also prepares the full draft of the Resume of the Activities of Banks and Financial
Institutions published annually by the Ministry of Finance. In adition, it prepares and circulates
on a regular basis weekly, monthly, quarterly, half-yearly and annual reviews/statements on
money supply, reserve money and domestic credit situation, balance of payments, government
revenue income and expenditure, food price situation, CPI inflation etc. and undertakes special
studies or periodic research on different economic issues as per defined requirement from time to
time. In addition, the Department makes recommendations/comments on various economic
issues demanded by the IMF or government organizations and also provides materials with
valuable recommendations for national budget preparation and replies to the questionnaire of the
parliament. The Department also prepares working papers/quarterly reviews and provides
data/materials on money, credit and exchange rate for Coordination Council regularly. The
Department keeps the top executives of the Bank fully abreast of the latest economic
developments. Domestic and international economic developments are brought within the purview
of comprehensive reports and reviews, which are submitted for perusal of the Banks Board of
Directors and senior executives. Frequent references on important economic issues received by
the Bank from the Ministry of Finance, Planning Commission and other ministries of the
Government for examination and opinion are also dealt with by the Department.
The Department also coordinates the activities relating to SAARCFINANCE, a network of SAARC
central bank Governors and Finance Secretaries, through its SAARC FINANCE country cell for
Bangladesh.

Security Management Department

Functions
Security Management Department was established in 1985 to ensure the overall security of
Bangladesh Bank. At present this department performs it's duty headed by a General Manager.

This department deals with planning, implementation of security plan through placement of security
staff and reviewing of the overall security arrangement for the Banks properties, premises,
treasures and documents. For protection of vault appropriate number of police force are kept in
reserve and placed in appropriate security points with the approval of police authority.

Officers of the Department perform different official formalities Administrative function, Supervision
and other Official and field works as per Bank's rules and regulations.

Special Studies Cell

Functions
Lunched working in December, 2002 for the purpose of updating the followings :
1. Banking Department Manual
2. Issue Department Manual
3. Central Stationery Department Manual
4. Building Payment Section Manual
5. Common Services Organization Manual
6. Manual of Office Procedure
7. Manual for Procedure and Method of Store Keeping

The Cell has already completed all the manuals except Banking Department Manual as shown in
the Serial No. 1 above. The task of updating the Banking Department Manual is under way.
The Cell is currently preparing the Draft of "Comprehensive Rules of Business" for Bangladesh
Bank afreash incorporating all recent changes in the organogram of Bangladesh Bank.

Sustainable Finance Department

Functions
Overview:
Sustainable Finance Department was established on July 23, 2015 upon extinguishing the previous
Green Banking and CSR Department with a view to develop sustainable banking (i.e. Green Banking
and CSR) framework and to integrate it into core business operation of banks and FIs through
efficient and effective implementation of Green Banking and CSR.
Functions:
Green Banking Wing
1. Policy formulation and monitoring of different aspects of Green Banking (green finance,
environmental risk management, in house environmental management, climate risk fund, green
marketing, online banking, green branch, green product innovation, green strategic planning etc)
activities of banks and Financial Institutions (FIs);
2. Policy formulation and management of BDT 2.00 billion Bangladesh Bank Refinance Scheme for
renewable energy and green products;
3. Policy formulation and management of USD 50 million ADB supported Refinance Scheme for Brick
Kiln Efficiency Improvement.
Corporate Social Responsibility (CSR) Wing
1. Policy formulation and monitoring of CSR activities of banks and FIs;
2. Policy formulation and management of Bangladesh Bank Disaster Management and Social
Responsibility Fund.

Agricultural Credit Department

Functions
The Agricultural Credit Department has been entrusted with the responsibilities of formulating
agricultural credit policy for the country and its implementation. It formulates the policies
relating to priority sectors of agriculture and rural credit. It monitors and ensures timely,
adequate and transparent flow of credit to the rural people for agricultural activities and rural
employment programs.

The department provides refinance facilities to BKB, RAKUB & BRAC against Government/ Bank
guarantee and also provides demand loan to BKB & RAKUB as and when approached.

Works relating to formulation of policies and implementation of agricultural projects financed by

Development Partners, Government of Bangladesh and Bangladesh Bank are also done by this
department. It monitors the on-going projects, extending refinance facilities to the participating
banks against their disbursement to target groups, coordinating disbursement and recovery
activities of these banks and arrange repayment of project loan to Govt. and Development
Partners. It also provides loan facilities to some specialized banks like Grameen Bank, Ansar VDP
Unnayan Bank, karmasangsthan Bank etc. against Govt. guarantee for extension of microcredit
services to the rural people.
The department monitors the Lead Bank Scheme which is aimed at forging a coordinated
approach for providing agri credit to achieve overall development of rural areas in the country. It
also collects information and maintains data in respect of agricultural credit which are supplied to
the Ministries of the Govt., International bodies like IMF, World Bank, ADB, IFAD etc. as and
when required.

Bangladesh Bank Training Academy

Objectives
:
i) Build a world-class center of excellence for imparting quality training to banks and
non-bank financial institutions.
ii) Add value to knowledge management process through research, knowledge
exchange and innovations in learning.

Functions Bangladesh Bank Training Academy (BBTA) will perform diversified activities in the light
: of its objectives. The functions of BBTA are as follows:
i) To keep constant touch and work in collaboration with the Training & Development
Wing of HRD.
iii) To formulate and design Annual Training Plan, course calendar, syllabus, course
contents, to review curriculum periodically, to design need based training for the
targeted people and ensure successful implementation of the training courses month
wise.
iii) To arrange courses/workshop/seminar on the request of different department/
offices of Bangladesh Bank and outside organizations.
 iv) To arrange Foundation Training Course for the newly recruited Assistant Directors of
Bangladesh Bank..
v) To impart training to Bangladesh Bank employees/officers, as well as scheduled
Bank/Financial institution/Non banking financial institution/NGO personnel
vi) To invite experts/resource persons in different training courses with a view to
imparting quality training.
vii) To give special emphasis on computer and IT training to cope with the technological
advancement and financial innovations.
viii)To give emphasis on developing English Language skill of the Bangladesh Bank
officials
ix) To enrich the library in BBTA.

Bankers' Selection Committee Secretariat

Formation:
As per Gazette No. *********************.15-527 Dated : 21-09-2015 of Banks and
Financial Institutions Department, Ministry of Finance, Peoples Republic of Bangladesh
"Bankers' Selection Committee" is formed. Consequently "Bankers' Selection Committee
Secretariat" (BSCS) is established on 30-09-2015 vide Administrative Circular no-19 of Human
Resources Department-1, for recruiting eligible candidates of the following state owned
commercial & specialized banks and financial institutions:
Rajshahi Krishi Unnayan Bank.
Sonali Bank Ltd.
Bangladesh House Building Finance
Janata Bank Ltd.
Corporation.
Agrani Bank Ltd.
Investment Corporation of Bangladesh.
Rupali Bank Ltd.
Karmasangstan Bank.
Bangladesh Development Bank Ltd.
Ansar-VDP Unnayan Bank.
Basic Bank Ltd.
Probashi Kallyan Bank.
Bangladesh Krishi Bank.
Palli SanchayBank.
Function:
The Main objective of Bankers' Selection Committee Secretariat is to prepare panels of capable
& efficient candidates (1st & 2nd class posts only) through rigorous process of selection
following the govt. rules, regulations & quota policy and recommend the same to the
respective banks and financial institutions.
Chief Economist's Unit
Functions
1.Ensuring key BB policy actions are underpinned by quality economic analysis working
collaboratively with different departments.
2.The production of quality working papers as well as policy notes on issues relevant to BBs
objectives related to inflation, growth and financial stability.
3.The drafting of BBs half-yearly Monetary Policy Statement (MPS) in collaboration with MPD and
drafting of the Bangladesh Bank quarterly.
4.Provide guidance and support to relevant departments in drafting of annual Monetary Policy
Review, Annual Report, Financial Stability Report, Banking CSR Report etc.

Common Services Department-2

Functions

. Appointment of Consultant, Top Supervisor for preparing drawing, design, estimate, tender
documents etc for Civil, Electrical & Mechanical works.
. Appointment of contractor for Construction of office and residential buildings.
. Repair, maintenance & renovation works of office & Residential buildings.
. Appointment of supplier for installation of Electrical & Mechanical equipments.
. Purchase of mechanical & electrical equipment and maintenance thereof.
. Enlistment of contractors & suppliers for maintenance & renovation works of Civil, Electrical &
Mechanical works.
. Checking of house building advance estimate, drawing and report on utilization of money for
building construction.
. Preparing of drawing, estimates & specification for furniture to the Expenditure Management
Department as and when required.

Debt Management Department

Functions

Bangladesh Bank Order-1972, article 20 and Treasury rules-1998 (Appendix-1, Section-3)

empowers Bangladesh Bank for the issue and management of Government securities. As per the
above mentioned laws & regulations the Debt Management Department acts as the Debt Manager of
the Government in consultation with the Ministry of Finance of the Government of Bangladesh. The
main activity of the department is to manage the internal debt of Government. The Department
also regulates and supervises the Primary Dealers System. It has the responsibility for development
of Government Securities Market. Along with the management of marketable securities, the
Department also handles policies and administrative matters pertaining to the flotation of non-
marketable National Savings instruments i.e. Sanchayapatras and Sanchayabonds.

The major functions of the Department:

1. Formulation of policies regarding issuance of Government securities;
2. Preparation of auction calendar for issuance of Treasury Bills and Treasury Bonds;
Handling operational and administrative matters pertaining to the issue of Special Treasury
3.
Bills & Bonds;
4. Authorization, regulation and supervision of the Primary Dealer System;
Developing the market activities like introduction of new instruments, development of
5.
clearing and settlement systems and widening of investor base for Government securities;
Promoting a well functioning debt securities market through building up of a long term yield
6.
curve and benchmark securities;
Strengthening the institutional and legal framework with a view to attract more investment
7.
in Govt. securities;
8. Clarification and implementation of policies relating to Sanchayapatras and Sanchayabonds;
 Taking measures specially against the fraud and forgery of non-marketable Government
9.
securities;
Implementation of the suggestions of Cash and Debt Management Committee (CDMC)
10
regarding development of Secondary Bond Market;"
Preparation of weekly Yield Curve for Treasury Bills and Treasury Bonds based on primary
11
auction;
12 Trading in Treasury Bills and Treasury Bonds in secondary market;
13 Preparation of annual budget for Government internal debt servicing;
Monitoring the overnight money market through analysis of daily and monthly consolidated
14
statements of the call money transactions.

Department of Banking Inspection 2

Functions & Objectives
Bangladesh Bank, as the apex institution of banking sector in Bangladesh, is shouldering the
responsibility of supervising the activities of commercial banks/Financial Institutions (FIs) under
article 7(A)f of the Bangladesh Bank Order-1972 (Amendments upto 10th March, 2003), section
44 of the Bank Companies Act-1991, Section-20 of Financial Institutions Act, 1993 and Rule 15 of
Money Laundering Prevention Rules, 2013. Above mentioned sections of the concerned laws have
empowered Bangladesh Bank to examine the books of accounts and related documents/records of
the banks/FIs with a view to ascertain their financial soundness and quality of portfolios so that
banks/FIs operation cannot be detrimental to depositors' interest in general and to the economy
of the country as a whole.

Department of Banking Inspection-2(DBI-2) conducts different types of inspection which may be

summarized into the following three major categories:
a) Comprehensive/Regular/Traditional inspection;
b) Risk based or System inspection and
c) Special inspection/Surprise inspection.

Comprehensive inspections are conducted on 06 State-owned Commercial Banks (SOBs) and

Investment Corporation of Bangladesh (ICB) by this department, as per inspection program
chalked out annually. Some key areas of comprehensive inspection are:-
Evaluation of assets giving emphasis on classification and provisioning;
Assessing capital requirement;
Verification of window-dressing relating to profit;
Review of liquidity position regarding maintenance of SLR & CRR;
Evaluation of loan operation, project financing;
In-depth analysis of large loans and concentration of credit;
Detection of fraud, forgery and action taken against thereof;
Evaluation of management quality and customer services and
Compliance with various guidelines/instructions/circulars issued by Bangladesh Bank, National
Board of Revenue, Registrar of Joint Stock Companies, Securities and Exchange Commission as
well as respective banks

Risk-based inspections on core risk areas are conducted on yearly basis in the banks. These
inspections are conducted covering following key risk areas:-
i) Credit Risk Management (CRM),
ii) Internal Control and Compliance (ICC),
iii) Asset-Liability Management (ALM) and
iv) Information & communication Technology (ICT).

Special and surprise inspections are those which are conducted beyond routine programs, viz.,
scrutiny of interest subsidy and the cases relating to the sick industries. Special inspections are
conducted against specific complain received from various quarters as well as on the basis of
specific risk identied through analysis of information received from Integrated Supervision System
(ISS), Enterprise Data Warehouse (EDW), etc.

An inspection team is required to, inter alia; evaluate the financial position, operational soundness
and management quality of the banks. During Head Office inspection of a bank, its CAMELS rating
is also taken into account, which is one of the determining factors of the frequency of inspection.

In addition, jobs assigned by higher authorities are carried out by this department. The
Department also examines and monitors the compliance made by the banks, whether their
actions are adequate/appropriate in respect of the implementation of the recommendations made
in inspection reports.

Department of Banking Inspection 4

Functions
Bangladesh Bank is empowered to regulate and supervise the banking companies and financial
institutions of the country (vide Bangladesh Bank Order 1972) .The Department of Banking
Inspection-4 (DBI-4) is one of the core departments of Bangladesh Bank, which is entrusted with
the responsibility of supervising the performance of domestic Islamic banks, banks established by
non-resident Bangladeshis and foreign private commercial banks that are operating in the country
with special emphasis on regulatory and supervisory compliances. This department conducts on-site
inspections periodically, however on-site surveillance receives more emphasis. In addition, this
department also looks after the activities of the islami banking branches of local conventional
banks.
Stability and soundness of the countrys financial services industry mostly depends on the smooth
operations of the financial system. With the view to ensuring stability in the financial system, DBI-4
examines the books of accounts and related documents/records through on-site inspection of
Islamic banks, NRB banks, foreign banks and islami banking branches of conventional banks mainly
to ensure the safety of the depositors money.
DBI-4 mainly conducts regular comprehensive inspections on quarterly basis. In addition, the
Department conducts risk based and special inspections. The regular comprehensive inspections are
conducted in accordance with the Annual Inspection Program prepared ahead of beginning of each
calendar year. The frequency of comprehensive inspections, however, depends on the calculation of
CAMELS (Capital Adequacy, Asset Quality, Management, Earnings, Liquidity, and Sensitivity to
Market Risk) rating of the banks. Generally greater attention is paid to weaker banks based on
CAMELS rating.
DBI-4 examines asset quality of the banks on the basis of 31st December and ensures reflection of
observation of this inspection in the annual financial statements of the banks. This is ensured
through exchanging views in a tri-partite meeting among concerned bank management, external
auditors and inspection team before finalization of financial statements.
Review of Internal Capital Adequacy Assessment Process (ICAAP) of banks also done by this
department.
Risk-based inspection is conducted to examine the level of compliance of the Core Risk Management
Guidelines by the regulated banks. Core risk inspections are done on annual basis that cover risks
associated with credit/investment, Internal Control and Compliance, Asset-Liability Management,
Information&Communication Technology and Anti-Money Laundering. special inspections are, on the
other hand, conductedin addition to routine and regular programs for any special purpose either
being instructed by the higher authority, or by the Department by itself to investigate into the
issues relating to complains or on self-motivated basis.
Inspection reports are prepared by the inspection teams incorporating their observationsand
recommendations are solely meant for compliance by the banks. Ensuring compliance of the
recommendations through respective Compliance Unit is one of the core functions of the
department.

Department of Currency Management

Functions
Department of Currency management is one of the core department of Bangladesh Bank. In
compliance with the Bangladesh Bank Order, 1972 the Department of Currency Management is
organized to procure bank/currency notes and coins and to arrange steady and prompt supply of
the same as per needs of the country.
To procure bank/currency notes and coins of different denominations.
To ensure steady and smooth supply of bank notes/currency notes and coins.
To oversee and review policies relating to Cash Department from time to time.
To issue guidelines in respect of disposal of soiled and non-issue notes.
To issue policy guidelines in respect of re-issue notes .
To issue policy guidelines in order to withdraw and payment of exchange value of torn, defective
and soiled notes .
To provide logistic support for smooth functioning of Cash Department.
To ensure standard policy measures in order to combat counterfeiting notes and to create
awareness among public about forged/fake notes.
To ensure safe movement and transportation of government treasury in the country. To arrange
and ensure supply of new notes to public on the eve of different festivals.
To conduct inspection of chest and sub chest..

Department of Foreign Exchange Inspection

Functions
Department of Foreign Exchange Inspection (DFEI) was established on 26-07-2012 vide
Administrative circular no-24 of Human Resources Department-1. The main objective of the
department is to conduct inspections on AD branches and Head/Country Offices of all scheduled
banks in the area of foreign trade and transactions. The department also inspects the activities of
money changers. The department directs its efforts to indentify irregularities and risks in foreign
exchange transactions and makes suggestions to regularize them.
Scheduled Banks
The foremost activities accomplished on all scheduled bank by the department include:
On site comprehensive inspection on Authorized Dealer (AD) branches (including new AD), Off-
shore Banking Units (OBU) and Head/Country Offices of all scheduled banks.
Both on-site and Off-site comprehensive inspection on Foreign exchange Risk Management of all
scheduled banks.
Comprehensive/Special inspection program on foreign branches and Exchange Houses of
Bangladeshi scheduled banks operating abroad.
Need-based special inspection on all scheduled banks on any other subjects/complaints/ issues as
per Directions of the higher authority.
It also commits the subsequent activities on the on the identical area:
Preparing and approving inspection reports after completing inspection within stipulated time.
Delivering the hard/soft copy of reports to the scheduled bank for their compliance.
Other relevant activities as required.
Money changers.
The following activities are essentially performed on money changers by the department.
Conducting comprehensive and special inspection concerning changing location of office premise of
all money changers and limited money changers in the country.
Preparing and approving the reports after ending inspection within stipulated time.
Delivering the hard/soft copy of report foreign exchange policy department for taking next
necessary steps.
Other relevant activities as required.
Others

Examining and exploring the news report published both in print and electronic media correlated in
banking and financial issues.
Scrutinizing and putting forward the findings to the superior authority for the kind perusal and
necessary instruction and
Other relevant activities as per requirements.
It carries out the following general/administrative activities also.
Ensuring each and every one of the department to provide all types of logistic support.
Keeping account of all accessories and staffs of all daily affairs.
Preserving registers of all actions performed in the department.
Submitting audit requirements on demand basis.
Time to time report to the concerned department and
Other relevant activities as per requirements.
Deposit Insurance Department
Functions
Deposit insurance is a system established by the Government to protect depositors against the loss
of their deposits in the event that a scheduled bank is unable to meet its obligations to depositors.
Deposit Insurance was first introduced in August 1984 as a scheme in terms of The Bank Deposit
Insurance Ordinance 1984. In July 2000 the Ordinance was repealed by an Act called "The Bank
Deposit Insurance Act 2000". Deposit Insurance in Bangladesh is now being administered by this
Act. In 2006 Bangladesh Bank became the member of International Association of Deposit Insurers
(IADI).
Objectives of the department:
Deposit Insurance Scheme is designed to protect small depositors, enhance public confidence,
enhance market discipline, enhance stability of the financial system, ensure orderly payment
system in case of winding up of any insured bank, Increase savings and encourage economic
growth.
There are two divisions in the department.These are :
Deposit Insurance Division.
Liquidated Bank Monitoring Division.
Function of the department:
The functions accomplished by this department is addressed below;
Preparation of Half-Yearly (30-June/31-December) Deposit Insurance Premium Worksheet of all
scheduled Banks including foreign banks branches operating in Bangladesh.
Realization of half-yearly Deposit Insurance Premium from all scheduled banks including foreign
banks branches operating in Bangladesh
Premium collected from the insured banks and all other receivables are deposited into an account
called the Deposit Insurance Trust Fund (DITF) maintained at the Bangladesh Bank.
Investment of premium in the Government Securities in time and the income derived from such
investments is also credited to the DITF account for further investment.
Preparation of Statement of Deposit Insurance Premium position on half-yearly and yearly basis.
Preparation of special statement for Asia Pacific Regional Committee (APRC), IADI , and other
International Organizations (WB, IMF etc.) as and when required.
In case of winding up of an insured bank, BB will pay to every depositors of that bank an amount
equal to his/her deposits not exceeding Taka one Lac.
Preparation of Annual Financial Report of DITF.
Management of total fixed and liquid assets as well as liabilities of the liquidated banks .
Management of court cases regarding the liquidated banks through consultation with the legal
Retainers .

Expenditure Management Department-1

Functions
Brief description of the functions of various Sections of Expenditure Management
Department-1 are outlined below:
(1)General Section
General Administration of the Department ;
Compliance of Internal, External and Commercial Audit memos ;
Posting Voucher of different sections.
Provide statement of Employee's assets & liabilities as per requirement of HRD.
Maintaining assets register (computer accessories).
Maintaining ICT security related document
Arranging Departmental monthly meeting
Providing support for strategic planning of the department.
Distributing Inwards letters among the section's of the department.
(2)Provident Funds Section
Maintenance of Contributory Provident Funds Accounts;
Payment of Gratuity and Death Benefits;
Sanction of PF Advance;
Arrangement for holding Administrators meeting;
Management of Fund.
(3) Pension Section
Maintenance of General Provident Fund Accounts;
Payment of Commutation Money, Death Benefits etc;
Fixation of monthly pension and supply of pension books to the pensioners;
Sanction of GPF Advance;
Management of Fund.
(4) Travelling Allowance Bills Section.
Make advances to employees for travelling purposes both home and abroad;
Adjustment of T.A. advance and settlement of T.A. Bills;
Management of personal accident insurance policy;
(5) Salary Section
Payment of salary and allowances ;
Disbursement of Bonus;
Payment of overtime bills, stipend and recreation allowances, leave encashment etc.
Payment of compassionate allowance to the members of the deceased employees of Head
Office;
Preparation of Income Tax Assessment Sheet on behalf of the employees & payment
thereof;
Execution of Pay and allowances fixed by HRD-2.
(6) Advance Section
Sanction of advances under Staff Advance Scheme; i.e. House Building, Motor Car, Motor
Cycle, Computer .
Recovery of staff advances;
Calculation of interest of staff advances;
Conduct physical inspection of land/constructed houses/Flats /Buildings
etc. purchased under House Building Advance scheme;
Maintenance of documents of Advance, under safe custody and monitoring the
utilization of all Advances ;
Monitor court cases related to different types of advances.
Preparation of statement of Deceased, Dismissed and Suspended staff/officers.
Execution of Waiver of Interest of House Building Advance as directed by Human
Resources Department-2 .
(7) Safeguard Section
Perform safeguard checking for payments made to external vendors.
Mandatory checking of contractor's bill amount Tk.10,000/- and above
Sample checking of pay and allowances given to Bangladesh Bank employees on
monthly basis.

Financial Inclusion Department

Functions
Bangladesh Bank, the central bank of Bangladesh recently taken a breakthrough initiative to further
the objectives of broadening financial access and achieve inclusive economic growth. In a move to
further consolidate and better coordinate the financial inclusion initiatives in the central bank and of
other public and private sector stakeholder, Bangladesh Bank has established a separate
department named Financial Inclusion Department in July 2015. Such an initiative is new to the
Bangladesh Banks peer central bank in the region.
Financial Inclusion Department has two wings:

1. Financial Inclusion Wing

2. Supervision and Innovation Wing
The department has been mandated to work in the following key areas including other operational
aspects:

1. Policy formulation and monitoring BDT 2.00 billion Bangladesh Bank Refinance Scheme for 10
Taka account holders;

2. All related works(Policy formulating, monitoring and supervision) of 10/=, 50/=, 100/= and
other No-Frill Accounts(NFAs) to bring the financially excluded people under the financial inclusion;

3. All activities(Policy formulating, monitoring and supervision) related school banking and Street
Children;

4. All activities(Policy formulating, monitoring and supervision) related Agent Banking;

5. FSP(Financial Service Providers) Interactive Map related works;

6. Policy Formulation and Monitoring of Financial Literacy and Education related activities;

7. Maintenance of web based Non-Resident Bangladeshi(NRB) database and Remittance Award for
top foreign exchange remitters;

8. Identifying new areas for inclusive financing and formulate policy;

9. National Financial Inclusion Strategy(NFIS) formulating and implementation related works;

10. Coordinating all activities related to financial inclusion of Bangladesh Bank;

11. Coordination among the Alliance for Financial Inclusion(AFI) member countries and maintaining
relation;

12. Measure the impact on financial inclusion action taken by the international standard setting
bodies and formulate policy according to that;

13. Conducting surveys on regular basis to identify the development, problems and scope for
Financial Inclusion expansion;

14. Conducting research on impact of Financial Inclusion on financial satiability and inclusive
growth.

Financial Integrity and Customer Services Department

Functions
As per the Administrative Circular No-24, dated 26-07-2012 of Human Resources Department-1 the
Former Foreign Exchange Inspection & Vigilance Department is rearranged as a new Department;
namely Financial Integrity and Customer Services Department (FICSD) with a view to minimizing
fraud and forgery in our banking industry.
The Divisions under Financial Integrity and Customer Services Department (FICSD):
There are three divisions under the Financial Integrity and Customer Services Department
(FICSD), namely-
Vigilance and Anti-Fraud Division
Customer Services Division
Technical Services Division
The functions of Vigilance and Anti-Fraud Division:
To conduct on-site inspection on consumer complaints which are of a complex nature or that cannot
be solved without spot verification.
To implement decisions, taken on the basis of on-site inspection/spot verification, requiring
corrective action by the banks and other REs regarding legitimate and serious complaints.
To inspect banks and other REs for the early warning signs of internal and external fraud and the
effectiveness of their internal controls to prevent fraud, in cooperation with the DBIs and DFIM.
To conduct investigations proactively when there is probable cause of fraud with banks and other
financial institutions, Money Changers, MLM Companies, NGOs etc. and take necessary action on
the basis of the findings of the investigation including making criminal referrals when appropriate.
To promote accurate reporting of internal and external fraud at banks and other REs in the news
media, in a manner that avoids spurious accusations and reassures customers that BB is aware of,
and taking action against, fraudolent activities.
To preserve the outstanding findings of the investigation/on-site inspection in the corporate
memory.
To conduct on-site inspection on any other subject/ complaint as per instruction of the higher
authority.
To perform other relevant activities.
The Functions of the Customer Services Division:
Functions of the Customer Service Policy Unit:
Formolating the guidelines to determine the role of the Board of Directors and the necessary
structures and activities in the area of Customer Services and Consumer Protection.
Formolating, revising and developing the policy and procedures related to the resolution of
customers complaints from BBs side, as well as minimum standards of performance by the
banks and other REs when a customer complaint is received by BB.
Analysing all types of customer service related policies as submitted by banks and other REs to
determine compliance with BB standards.
Formolating policy and guidelines on consumer rights, including interest rate and fee disclosures.
Preparing RIT for the collection of information in order to assess the standard of the customer
services of the banks.
Circolating the customer services related policies and directives to banks and other REs,
departments /offices of Bangladesh Bank and all the concerned parties.
Functions of the Grievance Redressal Unit :
Taking necessary action on the written complaints:
Filtration of the complaints.
Invitation of the opinion/comments/explanation of the concerned banks on the complaints.
Analizing the opinion/comment/explanation sent by the concerned banks and to put up the cases
with recommendations.
Implementation of the decision.
Transferring the complaints to the Vigilance and Fraud Prevention Division if it requires a field
level investigation.
Preparing the summary and statement of the complaints received by the Department and
submitting the same to the Governor on a monthly basis.
Maintaining all time communication with the FICSD of the branch offices of Bangladesh Bank,
monitoring their activities, and preparing the consolidated statement on the basis of the monthly
statements of complaints received from the branch offices, analyzing andtransmitting the same to
the G.M and implementing an appropriate, timely, and relevant decision.
Monitoring the Complaint Cells of schedoled banks and other REs and preparing the report after
analysis of the quarterly reports received from the schedoled banks and other REs, transmitting the
same to the higher authority and implementing the decision.
To arrange tri-partite meeting with the General Manager of the Department (FICSD) in the chair to
urgently resolve any critical complaint. The tri partite means the accused bank/RE, the
complainant and Bangladesh Bank.
Carrying out other related works.
Functions of the Dissemination and Communication Unit :
Receiving the complaints sent over/by telephone, mobile, e-mail and fax during office time on all
the working days (except weekends or government holidays).
Transferring the received complaints to the Grievance Redressal Unit to resolve the same.
Responding to the incoming calls in time and giving answers to the query of the public.
In the cases where it is not possible to give the right answer to the query of the public instantly, the
Unit will obtain the right answers from the concerned Sections/Departments and inform the querer
as soon as possible.
Maintaining liaison with the banks and other REs, Departments/Offices of Bangladesh Bank and
other concerned authorities such as BAB, ABB etc. for resolution of the complaints and protection of
the interest of the customers.
Performing the works of publication, public relations and communication with the media, including
the creation and maintenance of dedicated pages on the Bangladesh Bank website.
Performing other related works.
Functions of the Technical Services Division:
Developing and disseminating policies and guidelines governing the Information and Communication
Technology (ICT) activities of banks and other REs, in the areas of audit, business
continuity/disaster recovery, development and acquisition, electronic banking, information security,
outsourcing, and retail payments.
Conducting in-house training and organizing external training for ICT inspectors.
Conducting on-site inspections to determine compliance with abovementioned policies and
guidelines, in cooperation with the DBIs.
Cooperating with the Vigilance and Fraud Prevention Division to investigate cases of possible misuse
of the ICT systems for fraudolent purposes.

Financial Stability Department

Functions

* Examine the stability of the financial system of Bangladesh through macroprudential analysis.
* Monitor international practice and innovations in the area of macroprudential supervision.
* Recommend macroprudential regulations and engage in macroprudential oversight.
* Develop position papers for discussion within BB on key contingency planning matters.
* Monitor liquidity positions of individual banks and financial institutions, the linkages among
them, and the liquidity position of the sector as a whole.
* Monitor developments in credit growth and the crowding out of private borrowing by public
sector borrowing.
* Monitor open foreign exchange positions of banks/financial institutions and identify high-risk
institutions and their possible implications.
* Monitor developments in the insurance sector as well as capital market participants and their
possible feedback effects on banks/financial institutions.
* Assess and quantify financial system risks, vulnerabilities, analyze their outlook and make
appropriate policy recommendation for safeguarding financial stability.
* Conduct stress-testing exercises in order to assess the resilience of the banking system and
the potential repercussions on the real economy.
* Oversee the means of payment and the clearing and settlement systems operating in
Bangladesh and overall foreign exchange market.
* Prepare Financial Stability Report.

Foreign Exchange Operation Department

The Foreign Exchange Operation Department is entrusted with the supervision and monitoring of all
the activities in connection with foreign exchange operations. The work of this department is done
in terms of Foreign Exchange Regulations Act, 1947 as adapted in Bangladesh and Guidelines for
Foreign Exchange Transaction (GFET)
The activities of the department are as follows:
1. Taking actions against objections under nonpayment of bills of local & back to back L/C.
2. Preparation of monthly consolidated report on Overdue Bill of Entry as collected from AD bank
branches.
3. Maintaining Database of Overdue Bill of Entry.
4. Waiving Overdue Bill of Entry.
5. Revalidation of LCAF value.
6. Taking actions against of nonpayment of local L/C.
7. Taking actions against PSI objections.
8. Approval of Re-export/Re-import matters.
9. Collection of various statements related to Foreign Exchange Transactions from scheduled
banks.
10. Collection of various statements from different agents who earns foreign currency as
commission.
11. Re-attestation and Post facto checking on Export Realization Certificate.
12. All works related to Nonresident Blocked accounts.
13. Collection of statements of money changers on monthly basis, Verification and renewal of
license.
14. Renewal of limited money changing license.
15. Collection and checking the statements of Airlines/Shipping Lines/Courier Services/PSI/TM
Form.
16. Approval of Satellite Distributors /Medical file/Students Admissions file .
17. Approval of foreign agents' Commission (maximum 10%).
18. Matching of EXP Forms, analysis and taking action thereof.
19. Analysis on Overdue Export bill and taking action thereof.
20. Other work relating to foreign exchange operation.

Forex Reserve & Treasury Management Department

Functions
* Management, maintenance and investment of foreign exchange reserve held by
Bangladesh Bank,
* Maintenance of Clearing Accounts of authorized dealers in foreign exchange,
* Making transactions in foreign currencies with authorized dealers on cash or spot
basis,
* Settlement of transactions among ACU member countries through ACU mechanism,
* Repayment of Government external debt including debt servicing and arrangement of
miscellaneous outward remittances to meet Government forex requirement,
* Keeping of the accounts for the funds/ loans received from donors and disbursement
thereof, also collection of FC cheques on behalf of Government,

Grihayan Tahbil & Fund Management Unit

Vision:
To take initiatives of providing housing loan to poor, homeless people of the country, specially in
the rural areas through NGOs to make people living with due social security and dignity and make
them able to engage themselves and encourage NGOs to finance the aforesaid people so that they
can involve themselves in income generating activities through which they can come out of poverty.

Objectives:
Grihayan Tahobil was established in the Fiscal year 1997-98 with a view to eliminating housing
problem as well as eradication poverty of homeless poor and low income people of the country.
Basically formation of Grihayan Tahobil and it's modus operandi is the reflection of own thought of
the Honorable Prime Minister Sheikh Hasina, which indicates her Government's awareness towards
the homeless people of the country. Apart from housing loan for the rural homeless peoples,
Grihayan Tahobil is intended to construct Dormitories/Women Hostels for the Industrial workers
specially for the female workers of Garment Industries as well. Housing activities of Grihayan
Tahobil is being implemented through Non Government Organizations (NGOs) of the country. The
Tahobil provides housing loan Tk. 70,000/- for each specific house as designed and specified in
schedule through the NGOs. Grihayan Tahobil charges simple rate of interest 1.5% and NGOs are
applying 5.5% on the borrowers, the recovery period of said loan is 10 years.
Main Functions:
Select NGOs as per rules and guidelines to provide housing loan. NGOs provide housing credit to the
rural poor people.
Provide loan to build dormitory/women hostel for the poor female workers.
Provide loan to BGMEA and it's member companies to build hostels/dormitories for the poor
garment workers.
Take steps to provide housing facilities to the extreme deprived class of people of the society such
as tea garden workers.
Performance analysis and monitoring of the enlisted NGOs.
Comprehensive/regular/surprise inspection of houses built by the NGOs.
Investment of unutilized fund in different banks.
Prepare working papers and minutes for the meeting of the Grihayan Tahobil Steering Committee.
Prepare compliance reports on external & commercial audit reports.
Maintain accounts relating to disbursement of loan, recovery and investment of fund.
Prepare annual Financial Report.
Management of Court cases regarding defaulter NGOs.

Human Resources Department 2

Functions
Human resources department-2 is conferred with the responsibility of ensuring that all members of
staff perform to their best ability and also get benefits during their working time as well as after
their retirement. Human Resources Department-2 also ensures that all members of staff are held
accountable for not performing their task. Human Resources Department-2 consists of three wings:
Benefits and Administration wing.
Performance and discipline wing.
Training and development wing.
1. Benefits and Administration wing.
Accommodation Allotment of officers and staffs.
Salary fixation.
Post retirement leave, pension/gratuity, medical/dependant selection of officers and staffs.
Budget allocated to Bangladesh bank school mosques, club, day care and freedom fighter welfare
unit etc to carry out their recreation and welfare activities.
Giving permission on election of various committee such as - Bangladesh bank officers welfare
council, Bangladesh bank club, co-operative, mosque committee, CBA committee etc.
2. Performance and discipline wing
Has to take firm actions against employees who are not following the organizational code of
conduct, rules and regulations- sometimes even dismissal of employee.
Performance and discipline wing ensure the discipline of the Bank.
3. Training and Development wing
To improve the efficiency level of the employees they have to undergo trainings inside and outside
of the country.
Permission for higher study.

Integrated Supervision Management Department

Functions
Overview:
Integrated Supervision Management Cell was established on February 16, 2015 with a view to
strengthen ongoing banking supervision activities by Bangladesh Bank through Integrated
Supervision System (ISS).
Goals:
To integrate the supervision information
To ensure effective supervision
To adopt risk-based supervision approach
To minimize the supervision frequency
Objectives:
Effective use of resources
Enhancement of supervisors capacity
Enlarge supervision coverage
Proper analysis of supervision concerns
Improvement of existing MIS, in Bangladesh bank, scheduled banks and NBFIs
Ensure a smooth and timely decision making process
Brief Description of ISS:
Integrated Supervision System is a web based monitoring tool which is integrated with the existing
multifold supervision mechanism of BB.

Investment Promotion & Financing Facility Project Cell

Functions
Bangladesh Bank has been implementing the Investment Promotion & Financing Facility Project
(IPFF) on behalf of Finance Division, Ministry of Finance with the financial assistance of the
International Development Association (IDA). The main objectives of IPFF are:

(a) to supplement the resources of Bangladesh financial markets to provide term finance, for
infrastructure and other investment projects beyond the capacity of local financial
institutions; and
(b) to promote the role of private sector entrepreneurs in the development of capital projects,
especially infrastructure.

Under IPFF, government-approved private infrastructure development projects which are developed
through PPP basis are being financed through selected participating banks / financial institutions
(PFIs). Eligible sectors to be financed under IPFF are:
power generation, transmission and distribution and services
port development (sea, river and land)
environmental, industrial and solid waste management
highways and expressways including flyovers,
water supply and distribution sewerage and drainage
industrial estates and park development etc

However highest priority is being given to the power sectors. One of the main features of the facility
is that at least 30% cost of any approved project should be borne by the entrepreneurs' own source
and maximum 70% is to be provided as debt financing; out of which 20% is to be provided by the
participating financial institutions (PFIs) and the rest 80% is to be financed from IPFF. However, the
PFIs are supposed to bear all commercial risks associated with debt financing.

Law Department
Functions

1. To provide legal opinion to various operational departments of Bangladesh Bank (BB) in relation
to the legal issues arising in the performance of their day to day activities.

2. To manage and conduct bank's litigation by engaging appropriate lawyer.

3. To check and verify the draft affidavit in opposition and brief advocates, as and when required.

4. To maintain computerized database of cases filed by/against BB.

5. To liaise and build relationships with lawyers, various departments, ministries, banks and
financial institutions.

6. To respond to the legal notices served on BB.

7. To obtain expert opinion from specialist lawyers, retainers and panel lawyers on different legal
matters relating to various cases of BB.

8. To vet the chain of documents, Memorandum of Association, Articles of Association,

Memorandum of Understanding, Contracts /Agreements etc.

9. To monitor pending court cases and take necessary steps.

10. To scrutinize the bills of advocates related to the bank's cases and arrange for payment.

11. To organize "In house training" for the officers of the various departments and also for the
officers of Law Department for their capacity building.

12. To enlist panel/specialist lawyers.

Payment Systems Department

Functions
To run the country's payment system smoothly department is conducting the following activities:
Formulation of National Payment Systems Strategy,
Operation of Bangladesh Automated Clearing House (BACH) with its two wings - Bangladesh
Automated Cheque Processing System (BACPS) and Bangladesh Electronic Funds Transfer
Network (BEFTN),
Implementation and development of National Payment Switch Bangladesh (NPSB) to facilitate
inter-bank electronic payments.
Adoption of initiatives to facilitate e-Payment Gateway.
Enrichment of Mobile Financial Services with proper framework,
Encouraging e-Commerce and m-Commerce.
Formulation of required policy, guideline, legal & regulatory framework for modern payment and
settlement systems.
Formulation of Payment Systems Oversight to monitor and supervise countrys payment system.
Establishment and operation of Real Time Gross Settlement (RTGS) System with proper
guidelines.

Secretary's Department
Functions

Dealing with the meetings of

Board of Directors of Bangladesh Bank
Executive Committee of Bangladesh Bank Board
Executive Management Team comprising of all Executive Directors
Audit Committee of Bangladesh Bank Board
Preparing minutes of the said meetings and placing them to competent authority for approval and
transcribing the minutes of the aforesaid meetings to the concerned departments and offices for
implementation.
Serving matters relating to participation of Governor and Deputy Governors in various Meetings,
Seminars, Conferences, Symposia and Workshops etc. both in home and abroad.
Preparing different statements (Monthly, Half-yearly and Yearly) on the subject of Bank's data
and information namely, Foreign exchange reserves, trends in the commodity composition of
Export and import, total no. of LC opening, crop wise agricultural production, etc and sending
them to the concerned ministry.
Developing and Implementing National Integrity Strategy in the Banking and Financial Sector
including Bangladesh Bank by providing policy guidance with a view to strengthening their
internal accountability as well as increasing compliance with regulatory requirement for the
sustained improvement of the business.
Monitoring the errors, omission and violation of regulations and policies by the Schedule
Commercial Banks/FI's and their executives through the software of Corporate Memory
Management Systems
Communicating with all other central banks of the world including international financial
regulatory bodies in ensuring effective central banking.
Making arrangements for conveying greetings to all former governors and board of directors on
different festivals and occasions and farewell to high officials of the Bank.
Facilitating communication between Bangladesh Bank and other government agencies including
internal coordination among the different departments of the Bank.
Giving room allotment for holding meetings organized by different departments of the Bank.

SME & Special Programmes Department

Functions
1. Refinance Schemes for SME: more..
Bangladesh Bank Fund
ADB Fund
EGBMP (IDA) Fund
Women Entrepreneurs Refinance Scheme more..
JICA TSL Fund (FSPDSME BD-P67) more..
2. Disbursement of ADB Fund Tk. 660.00 cr. (recently signed agreement).
3. Housing Refinance Scheme. more..
4. Agro-processing Refinance Scheme. more..
5. Monitoring of SME loan disbursement, recovery etc.
6. Credit Guarantee Scheme.
7. Development of policy and preparation of statement regarding Salt Loan, Weaver Loan, Silk
Industry Loan, Industrial Loan.
8. Voluntary Retirement Scheme (VRS).
9. Sick Industry.
10. Miscellaneous.

Statistics Department
Functions
Statistics Department collects, compiles and disseminates the data of money and banking, balance
of payments (BOP), foreign exchange reserves, exchange rates, foreign trade, monetary survey,
industrial and agricultural production, share price indices, domestic savings, foreign direct
investment (FDI), external debt, portfolio investment, foreign assets and liabilities statistics, etc.
The department brings out various publications for Bangladesh Bank, government, non-
government, international organizations, different donor agencies and acts as the source of all
economic and financial data of Bangladesh which are used in IMF publications, such as,
International Financial Statistics, Direction of Trade Statistics and Balance of Payments Yearbook
etc.
The Statistics Department constitutes with :
Monetary and Financial Statistics Division
Balance of Payments Statistics Division
Banking Statistics Division
Foreign Investment and External Debt Statistics Division
Special Studies and Project Division
Other Financial Corporations (OFCs) Survey Project
SAARCFINANCE Data base Unit
Special Data Dissemination System (SDDS)
Departmental Administrative Wing
1. MONETARY AND FINANCIAL STATISTICS DIVISION:
To collect, compile and disseminate the monetary and financial statistics on Monetary Authorities,
Deposit Money Banks & Non Bank Depository Corporations.
To collect and compile sector-wise balance sheet information through SBS-1 from all scheduled
banks, NBFI & BSBL on monthly basis.
To compile Reserve Money & Broad Money, prepare the IMF's report forms and disseminate to the
IMF, World Bank and Bangladesh Bank Website.
To prepare indices of industrial and agricultural production, stock exchange share prices, commodity
prices at international market, consumer price indices, inflation rate, gross domestic products,
interest rate structure,prices and production of various industrial and agricultural commodities, etc.
and publish in the "Monthly Economic Trends".
2. BALANCE OF PAYMENTS STATISTICS DIVISION:
To collect monthly foreign exchange transaction data from AD branches of scheduled banks,
National Board of Revenue, Export Promotion Bureau, Economic Relations Division & Export
Processing Zones.
To compile monthly Bangladesh Balance of Payments statistics in standard and analytic formats as
per IMF BPM-6, international investment position(IIP) statistics, commodity wise exports receipts &
imports payments statistics and purpose wise invisible receipts & payments statistics.
To collect and compile daily remittance.
To prepare and provide monthly data on import, export and BOP to IMF on regular basis.
To prepare quarterly review of import payments, export receipts & BOP statistics and publish in the
BB website.
To prepare booklet of import payments, export receipts and balance of payments (BOP) statistics on
annual basis and publish in the BB website.
3. BANKING STATISTICS DIVISION:
To collect and compile detailed data on deposits & withdrawals and all kinds of advances & bills data
in details through SBS-2 and SBS-3 returns respectively from all branches of scheduled banks on
quarterly basis.
To collect account-wise data on advances and deposits distributed by rates of interest from all
scheduled banks and Non-Bank financial institutions (NBFIs) for calculation of Monthly Interest Rate
Spread (IRS) & publish in the BB website.
To collect and compile data on Disbursement, Overdue, Recovery & Outstanding (DORO) of
advances classified by economic purposes & sectorwise in prescribed formats (SBS-3.1 & 3.2) from
all scheduled banks on quarterly basis.
To collect Financial Access Survey (FAS) data from banks/financial institutions/ insurances
companies/post office saving banks/co-operatives banks /societies/micro credit institutions and
national saving directorate on annual basis for providing IMF.
To prepare quarterly Scheduled Banks Statistics and publish in the BB website.
4. FOREIGN INVESTMENT AND EXTERNAL DEBT STATISTICS DIVISION:
To collect and compile inward & outward Foreign Direct Investment (FDI) statistics, portfolio
investment (PI) statistics and external debt statistics covering both EPZ & Non-EPZ areas on
quarterly basis.
To collect and compile Medium & Long-term (MLT) External Debt statistics on quarterly basis and PI
& Short-term External Debt statistics on monthly basis.
To collect and preserve the lists of FDI enterprises, portfolio investors and the enterprises having
external debt from Bangladesh Investment Development Authority (BIDA), Bangladesh Export
Processing Zones Authority (BEPZA), schedule banks, etc.
To prepare gross and net inflows and outstanding stock of FDI, PI and External Debt by sectors,
countries and other dimensions.
To publish a booklet titled "Foreign Direct Investment (FDI) in Bangladesh" on half yearly basis.
5. SPECIAL STUDIES AND PROJECT DIVISION:
To collect e-banking & e-commerce data which includes branch information, account information,
remittance, cheque clearing, electronic fund transfer, card related data, mobile financial service,
internet banking and agent banking data on monthly basis
To publish the data in 'Monthly Economic Trends' and provide the data in various departments of
Bangladesh Bank for policy and decision making purpose.
To conduct statistical survey in financial and non financial sector in Bangladesh.
6. OTHER FINANCIAL CORPORATIONS (OFCs) SURVEY PROJECT:
To include other financial corporations (Insurance companies, mutual funds, merchant bank,
finance/ leasing companies, Bangladesh House Building Finance Corporation, microcredit
institutions, SME Foundation, other pension funds, etc.) in the institutional coverage of monetary
and financial statistics.
To introduce a standardized reporting form (4SRF) for the OFCs.
7. SAARCFINANCE DATABASE UNIT:
To collect, compile and provide data on macroeconomic and demographic variables on monthly/
quarterly/yearly basis to SAARCFINANCE Database.
To collect data from different departments of Bangladesh Bank, Ministry of Finance, National Board
of Revenue and Bangladesh Bureau of Statistics and compile the data for SAARCFINANCE Database.
To prepare some macroeconomic indicators.
To upload data in the website of SAARCFINANCE database.
8. SPECIAL DATA DISSEMINATION SYSTEM (SDDS):
To disseminate economic and financial data on timely basis as per recommendations of IMF with
specific coverage, periodicity and timeliness.
To collect data from different departments of Bangladesh Bank, Ministry of Finance, National Board
of Revenue and Bangladesh Bureau of Statistics and compile the data.
To upload data in National Summary Data Pages (NSDP) as per recommendations of IMF.
9. DEPARTMENTAL ADMINISTRATIVE WING:
To prepare policy to achieve the departmental goals (Yearly/Half-yearly) as per strategic plan.
To take initiative for departmental post creation/up-gradation and transfer/ posting/ joining/ release
of the officials.
To maintain all kinds of correspondence with other departments of Bangladesh Bank and different
ministries.
To arrange training/ seminar/ workshop for capacity building of department and officials of DMBs,
NBDCs.
Collection and distribution of stationeries, dead stock, computers and accessories, maintaining petty
cash, lunch allowance and maintaining all kinds of official files & records, preparing & sending
statements.