Bangladesh Bank Executive Director Nurun Nahar, ICBIBL Head of APD and Recovery Department Captain (Retd.) Sakhawat Hossain, Head of Operation Mr. Md Parvez Yousuf Chowdhury, Head of Finance Mr. Md Sakhawat Hossain, Head of IT Mr. Md Nur Hossen and other senior officers of both organizations were also present during the signing ceremony.

Under this agreement, all branches of ICBIBL will be able to collect payments of various government fees and revenues in real-time and submit to the government treasury efficiently. This system will also enable real-time verification of challans which will ensure authenticity of the challans as well as timely submission of revenues to government treasury.