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.
50 119 Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh Department of Offsite Supervision DOS Circular Letter No.-38 Date: 05 Poush 1429 20 December 2022 Managing Director/Chief Executive Officer All Scheduled Banks operating in Bangladesh. Regarding the temporary suspension of banking transactions of Padma Bank Limited for the purpose of migration to new core banking software.
Dear Sir,
Consent is hereby granted to the application of Padma Bank Limited to temporarily suspend banking operations from 12:00 AM on December 21, 2022, to 11:55 PM on December 25, 2022, for the purpose of migration to new core banking software.
This consent is granted under the powers conferred by Section 45 of the Bank Company Act, 1991.
Yours faithfully,
(Arif Hossain Khan) Director (DOS) Phone: 9530093