Regulatory Alerts2018-12-27
Added · Updated
BRPD Circular Letter No. 28: Policy regarding establishment of business center by Banks
Bangladesh Bank incorporates "Banking Booths" as a new category of low-cost banking outlets under the existing policy for business centers, subject to specific operational, security, and staffing requirements. Banks must obtain prior approval from Bangladesh Bank for the establishment, relocation, or closure of these booths, with relocation required within six months of approval. The circular mandates that banking booths operate under the control of a full branch, maintain a floor space of no more than 1,000 square feet, employ at least two staff members, and adhere to transaction limits and service scopes approved by the bank's board of directors.
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