Regulatory Alerts2024-08-11
Added · Updated
BRPD Circular Letter No. 37: Refraining from anti-disciplinary activities in the bank-company
The document instructs all scheduled banks in Bangladesh to refrain from any activities at their offices or workplaces that undermine depositor confidence, as such actions disrupt normal operations and constitute a punishable offense under Section 57(2) of the Bank Companies Act, 1991. It specifically cites recent reports of disciplinary violations and mandates awareness among all concerned parties to prevent these occurrences.
Bangladesh Bank Chief Executive Motijheel, Dhaka-1000 Bangladesh Ref No.: BRPD/Regulations & Policy/37 Banking Regulation and Policy Department BRPD Circular Letter No.-37 11 August 2024 Date: -------------------- 27 Srabon 1431 Managing Director/Chief Executive Officer All Scheduled Banks operating in Bangladesh Dear Sir,
Regarding refraining from anti-disciplinary activities in the bank-company
Recently, the Bangladesh Bank has been informed about certain anti-disciplinary activities occurring in the offices or workplaces of some banks. Such activities are causing disruption to the normal operations and transactions of the banks, which may lead to a crisis of confidence among depositors. It is noted that such activities are punishable offenses under Section 57(2) of the Bank Companies Act, 1991. In this regard, all concerned are requested to cooperate in refraining from any activities at the bank's office or workplace that undermine depositor confidence, in accordance with Section 57(1) of the Bank Companies Act, 1991.
- You are hereby directed to make all concerned aware of this matter.
Yours faithfully, (Mohammad Shahriar Siddique) Director (BRPD) Phone: 9530252