Bangladesh Bank has introduced a revised reporting framework for agent banking to improve the quality and detail of monthly data submitted by scheduled banks.

The new guidelines aim to ensure more comprehensive data, helping policymakers make informed decisions and respond to increasing demand for detailed information on agent banking operations.

This includes data on agents, outlets and account holders.

According to the circular, all banks must submit monthly reports on the agent outlets by the 10th day of the following month through email, along with a hard copy summary to the relevant division.

Banks have been instructed to immediately inform the central bank of any changes in geolocation or operational status of the agents via email to maintain the integrity of the national database.

They have also been asked to ensure data accuracy and seek clarification from the central bank if needed.

The revised system will become effective in phases, with a transition period allowing parallel reporting under both old and new formats before full implementation.

The framework also requires reporting on transactions conducted outside designated outlets, profitability at the agent level and updated geolocation data to improve the accuracy of banking coverage mapping.