Regulatory Alerts2022-12-20
Added
DOS Circular Letter No. 38: Intermission of Banking Operations of Padma Bank Limited due to Migration to New Core Banking Software
The Department of Offsite Supervision of Bangladesh Bank grants consent for Padma Bank Limited to temporarily suspend banking operations from 12:00 AM on December 21, 2022, to 11:55 PM on December 25, 2022, to facilitate migration to new core banking software. This approval is issued under the powers conferred by Section 45 of the Bank Company Act, 1991, and applies to all scheduled banks operating in Bangladesh.
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