Regulatory Alerts2015-09-07
Added · Updated
DFIM Circular Letter No. 04: Renting Office Space for Extension or Relocation of Head Office, Branch/Booth etc. of all Financial Institutions
All financial institutions are prohibited from executing rental agreements or decorating premises for the extension, relocation, establishment, or expansion of head offices, branches, or booths without prior written approval from Bangladesh Bank. This directive clarifies that such actions constitute a clear violation of Section 7(1) of the Financial Institutions Act, 1993, and the decision is effective immediately.
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