Under existing government policy, commercial banks are responsible for distributing a 2.5% cash incentive to expatriate Bangladeshis on incoming remittances. Currently, the accumulation of Tk8,565 crore in unpaid incentives has placed significant pressure on the banking sector.
Economy
Banks face liquidity strain as Tk8,565cr remittance incentive remains unpaid
Banks are experiencing financial strain as Tk8,565 crore in government-mandated 2.5% cash incentives for expatriate remittances remains pending.
Source: TBS Bangladesh