Regulatory Alerts2025-01-19
Added
BRPD Circular Letter No. 02: Limitation on Ex-Bangladesh travel of bank officials and employees
The document lifts the ban on overseas travel for bank officials and employees previously imposed by Circular Letter No. 28, allowing such travel for official purposes subject to approval by the respective bank's competent authority in accordance with its internal policies. This directive is issued under the powers granted by Section 45 of the Bank Companies Act, 1991, and takes effect immediately.
Bangladesh Bank Chief Controller Motijheel, Dhaka-1000 Bangladesh BRPD Banking Regulation and Policy Department
05 Magh 1431 BRPD Circular Letter No.-02 Date: ------------------- 19 January 2025
Managing Director / Chief Executive Officer All Scheduled Banks operating in Bangladesh
Dear Sir,
Reference is drawn to your attention regarding the subject of BRPD Circular Letter No.-28 dated 11 June 2024 concerning the limitation on overseas travel of bank-company employees and officers.
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Through the aforementioned circular letter, a ban was imposed on the overseas travel of bank-company employees and officers for attending authorized training/meetings/seminars/workshops/study tours. However, it was mentioned in the said circular letter that in certain cases, employees and officers may travel overseas with the approval of the competent authority of their respective bank in accordance with the bank's relevant policy.
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Now, in continuation of the aforementioned circular letter, the following instructions are hereby given: Employees and officers may travel overseas for official purposes with the approval of the competent authority of their respective bank in accordance with the bank's relevant policy.
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This instruction shall take effect immediately.
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This instruction is issued under the powers conferred by Section 45 of the Bank Companies Act, 1991.
Yours faithfully,
(Md. Ala Uddin) Director (BRPD) Phone: 9530095