Banks told to hold hybrid meetings to cut costs

Bangladesh Bank yesterday urged banks to hold hybrid meetings, connecting attendees either online or in person according to convenience, to cut operating costs. 

The move will also help ensure efficient use of power and fuel, the central bank said in a circular.

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Bangladesh Bank came up with the move as a part of the government's austerity measures to cut down costs in different development projects and government spending.

The country is still struggling to meet its energy demand amid the ongoing Russia-Ukraine war while its foreign currency reserve has been depleting.

As such, the government has largely banned foreign trips and classified projects under its Annual Development Programme into A, B and C categories based on priority.