Banks instructed to restrict evening banking

Bangladesh Bank instructed banks to cease evening banking operations as part of the government's austerity measures. According to a banking watchdog notification, lenders must restrict operations until further direction from the central bank.

Different banks adopted evening banking once it was introduced in 2012.

Evening banking happens between 6 pm and 8 pm in commercial and industrial zones.

Bangladesh Bank advised banks to limit power and energy usage to manage foreign currency market volatility as austerity measures.

In July, Bangladesh Bank ordered lenders to decrease fuel costs by 20% this fiscal year.

A BB official claimed that it would be difficult for banks to follow the guideline due to rising oil prices. Remarkably, Banks were warned not to use official cars for personal use.