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The
Rajshahi Office of the Bangladesh Bank performs a number of traditional
central banking functions. However, the operational jurisdiction of the
Office is limited to several administrative districts only. Also, the Office
oversees the compliances of policies and procedures framed by the Head Office
and relevant banking laws and regulations of the country. |
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First, the Rajshahi Office of Bangladesh Bank acts as banker to
the banks and banker to the Government, the Deposit Accounts Department
maintains current accounts in the names of main branches of all scheduled
banks while the Public Accounts Department performs all the transactions of
Government Accounts. To expedite smooth payments among scheduled banks, the
Office accommodates and runs a Clearing House, and it also serves them as a
lender of the last resort. The banks may utilize the T.T. Discounting facilities
in order to meet unforeseen shortages of cash while making payments. At
present 40(Fourty) banks are maintaining accounts with the Office |
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The Office maintains regular surveillance over the foreign
exchange transactions of 35 (thirty five) Authorized Dealers in foreign
exchange and 6 (six) Authorized Money Changers. Above all, the Office
supervises and monitors the activities of the banks and financial
institutions (by means of both on-site inspection of their branches and
off-site scrutiny of periodical returns submitted by these entities), and
engages a good number of its departments in carrying out this supervisory
role. |
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As
an arm of the Public Debt Office, Rajshahi Office sells and encashes a
variety of instruments of Public Debt, and effects remittances of money to
and from branches of other banks, chest and sub-chests. |
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The Office also performs some development functions. It acts as
a forum for banks, financial institutions and the local business community,
and holds meetings, training programs, seminars and workshops on important
issues and measures of national development. |
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