Regulatory Alerts2026-05-06
Deposit Protection Act 2026
The Ministry of Finance and Bangladesh Bank have promulgated the Deposit Protection Act 2026 to establish a dedicated Deposit Protection Department and a statutory Deposit Protection Fund. The legislation mandates the formation of a Deposit Protection Board comprising representatives from the government, central bank, and financial institutions to oversee depositor safeguards and manage fund contributions. It outlines strict operational guidelines, membership requirements, and financial contribution mechanisms to ensure the stability and security of the national banking system.
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