BRPD Circular Letter No. 38: Appointment and Responsibilities of Managing Director/Chief Executive Officer of a bank-company — BB — BD

Bangladesh Bank
Head Office
Motijheel, Dhaka-1000
Banking Regulation and Policy Department
Ref No.: BRPD Circular Letter No. 38

To:
Chairman, Board of Directors and
Managing Director or Chief Executive Officer
All Scheduled Banks operating in Bangladesh.

Dear Sir,

Regarding the policy on the appointment/appointment of the Managing Director or Chief Executive Officer of a bank-company and their responsibilities.

Reference is drawn to Paragraph 12 of BRPD Circular No. 05, dated: February 27, 2024, on the subject mentioned above.

Through Paragraph 12 of BRPD Circular No. 05/2024, it was directed that if the overseas travel of the Managing Director/Chief Executive Officer of a bank-company is essential, an application must be made to obtain prior approval from the Bangladesh Bank 10 (ten) days before departure from the country. Now, Paragraph 12 of the said circular is replaced as follows:

"In the case of essential overseas travel of the Managing Director/Chief Executive Officer, with the approval of the Board of Directors/appropriate authority, they may travel abroad without prior approval from the Bangladesh Bank in accordance with the bank's own overseas travel policy. In this regard, the Managing Director/Chief Executive Officer must inform the Banking Regulation and Policy Department (Division-2) in writing of the name, designation, official phone, cell phone number, and email address of the officer who will assume their responsibilities during their absence, at least 10 (ten) days before leaving the country."

Except for the aforementioned instructions, all other instructions contained in BRPD Circular No. 05, dated: February 27, 2024, will remain unchanged.
These instructions are issued under the powers conferred by Section 45 of the Bank Company Act, 1991, and will take effect immediately.

Yours faithfully,

(Md. Harun-Or-Rashid)
Director (BRPD)
Phone: 9530155

07 Bhadra 1431
Date: -------------------
22 August 2024

Lineage: No known changes

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Amends

BRPD Circular No. 5 dated 2024-02-27Not in RegAlert
“Now, Paragraph 12 of the said circular is replaced as follows:”