Regulatory Alerts2024-12-19
Added
DOS Circular Letter No. 29: Intermission of Banking Services of National Bank Limited due to Migration to New Core Banking Software
The Department of Offsite Supervision grants consent for National Bank Limited to temporarily suspend all banking services for five days, including two weekends, from 31 December 2024 to 4 January 2025 to facilitate the migration to a new Core Banking System. This approval is issued under the powers conferred by Section 45 of the Bank Companies Act, 1991, and applies to all scheduled banks operating in Bangladesh.
50 119 Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh Department of Offsite Supervision DOS Circular Letter No.-29 Date: 04 Poush 1431 19 December 2024 Managing Director/Chief Executive Officer All Scheduled Banks operating in Bangladesh. Regarding the temporary suspension of all types of banking services of National Bank Limited for 05 (five) days for the purpose of carrying out the Core Banking System (CBS) migration work. Dear Sir, Consent is hereby given to the application of National Bank Limited to temporarily suspend all types of banking services for 05 (five) days (including 02 weekends) from 31 December 2024 to 04 January 2025 for the purpose of carrying out the Core Banking System (CBS) migration work smoothly. This consent is given under the powers conferred by Section 45 of the Bank Companies Act, 1991. Yours faithfully, (Mizanur Rahman Akon) Director (DOS) Phone: 9530093