Mandatory BIN: Small entrepreneurs trapped in red tape
A new requirement mandating a business identification number (BIN) to open business bank accounts and secure expansion loans has hit cottage, micro, small, and medium enterprises (CMSMEs) hard. Effective from the current fiscal year, the rule has created significant operational hurdles for small business owners who lack a BIN, restricting their access to routine banking services and credit....…
We haven't written up this one. Dhaka Tribune Business has the full story — the link below goes straight to it.
