DHAKA : Bangladesh Bank governor Dr Atiur Rahman on Wednesday asked the banks to fix a focal point while carrying out their Corporate Social Responsibility (CSR).

He gave the directive while addressing a meeting on ‘CSR Presentation’ at Hotel Sheraton in the city.

Management and Resources Development Initiative (MRDI) and Association of Bankers, Bangladesh Limited (ABBL) jointly organized the meeting.

Speaking as chief guest, Dr Atiur said the image of a particular bank would increase significantly if they conduct their CSR properly.

“Employees of such banks then feel proud and its impact contributes a lot in their business,” he said.

The Bangladesh Bank governor, however, mentioned a problem concerning an SRO that makes it obligatory for the recipient to inform the NBR that they have got the CSR benefit from a particular bank. He suggested the NBR to incorporate the donor bank for providing information on the CSR.

As per the existing rule, banks get 10 per cent tax rebate for the money they spend on CSR.

Dr Atiur also suggested the NBR to provide other facilities if they can not give more tax rebate to the banks on their CSR money. — UNB

Source: daily-sun, Bangladesh/15th Dec 2010