Bangladesh Bank (BB) has issued new reporting guidelines requiring all scheduled banks to include specific Economic Sector Codes/IDs when submitting information on government deposits. The aim is to strengthen transparency in government cash management and the Treasury Single Account (TSA) system.
According to a circular issued by the Supervisory Data Management and Analytics Department (SDAD), banks will have to provide organisation-wise reporting for various government institutions, including ministries, departments, security forces, autonomous organisations, public universities, public non-financial corporations, and public-sector financial institutions and funds.
FAQ
What are the new reporting requirements?
Banks must include specific Economic Sector Codes/IDs when reporting government deposits. These codes are detailed in Annexure 'A' of the circular.
Which institutions are covered by these new codes?
The new codes cover ministries and departments, security forces, autonomous organisations, public universities, public non-financial corporations, and public-sector financial institutions and funds.
When do these new reporting requirements take effect?
The new reporting requirements will be effective from the reporting period of July 2026, with reports due by the 10th day of the following month. However, reporting for June 2026 will continue under the previous format.
What is the purpose of these new guidelines?
The purpose of these new guidelines is to improve oversight of government funds held in the banking system and support more efficient public cash management.
