Regulatory Alerts2024-08-22
Added · Updated
BRPD Circular Letter No. 38: Appointment and Responsibilities of Managing Director/Chief Executive Officer of a bank-company
The Bangladesh Bank amends Paragraph 12 of BRPD Circular No. 05/2024 to allow the Managing Director or Chief Executive Officer of a scheduled bank to travel abroad without prior approval if the bank has an approved overseas travel policy. This exemption requires the officer to notify the Banking Regulation and Policy Department in writing at least ten days before departure, providing the name, designation, and contact details of the acting officer. These instructions are issued under Section 45 of the Bank Company Act, 1991, and take effect immediately.
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