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According to the Prudential Guidelines for Agent Banking Operation in Bangladesh, what is the purpose of the guidelines?

To define the permissible activities of an agent

To outline the responsibilities of the bank in agent banking operations

To establish eligibility criteria for entities to become agents

To provide a framework for the approval process of agent banking operations (correct)

Which of the following is NOT a permissible activity for an agent in agent banking operations?

Providing cash withdrawal services

Issuing loans

Accepting deposits

Conducting foreign currency exchange (correct)

What is the eligibility criteria for an entity to become an agent in agent banking operations?

Having a minimum capital requirement

Being a financial institution

Having consent from the regulatory or controlling authority (correct)

Having a valid license from Bangladesh Bank

What is the mandatory provision for a contract between a bank and an agent in agent banking operations?

<p>Termination clause</p> Signup and view all the answers

Who is responsible for the establishment and management of agent banking operations in a bank?

<p>Bank employees</p> Signup and view all the answers

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Questions and Answers

According to the Prudential Guidelines for Agent Banking Operation in Bangladesh, what is the purpose of the guidelines?

Which of the following is NOT a permissible activity for an agent in agent banking operations?

What is the eligibility criteria for an entity to become an agent in agent banking operations?

What is the mandatory provision for a contract between a bank and an agent in agent banking operations?

Who is responsible for the establishment and management of agent banking operations in a bank?

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