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Banks warned against failure to clear import bills
Actions will be taken, BB says Star Business Report Star Business Report
Bangladesh Bank yesterday lambasted local banks for their failure to settle import bills with the corresponding foreign lenders on time.
The required actions will be taken against the banks that do not follow the due diligence in this regard as it has tarnished the country s image abroad.
The central bank came up with this instruction at a bankers meeting held through an online platform yesterday.
Bangladesh Bank Governor Fazle Kabir presided over the meeting attended by managing directors of all banks.