2009-03-12

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DBI Circular No. 01: Special Board Meeting for Compliance with Head Office Inspection Report

Scheduled banks in Bangladesh must convene special board meetings exclusively to address Bangladesh Bank's comprehensive Head Office inspection reports, with compliance implementation steps placed before the board. These meetings must be held within two months of receiving the report, and Bangladesh Bank officials must attend. Banks are required to inform Bangladesh Bank of the meeting date at least 10 days in advance and submit the meeting minutes within 15 days of the meeting. A status report on compliance progress must be presented at subsequent meetings until full compliance is achieved.

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