Banks are closed, so is the capital market

Senior Reporter: All banks will be closed during the one-week lockdown that the government has given since Wednesday to deal with coronavirus infections. Bangladesh Bank announced this decision on Monday. As the bank is closed, transactions in the capital market will also be closed.

The central bank has asked the bank to take steps to keep ATM booths and online services open even if transactions are closed. The government has imposed strict restrictions from April 14 to April 21 to deal with the rise in coronavirus infections.

During this time, offices and transportation were closed and restrictions were imposed on various areas including markets, hotels and restaurants.

According to the central bank’s directive, all scheduled banks will be closed normally during the ban announced by the government.

Banks have been open to a limited extent in the ongoing lockdown over the past one week. In that case, as per the previous instructions, the transaction will be done in the bank on Tuesday from 10 am to 1 pm.

The new directive calls for taking steps in consultation with the port and customs authorities to keep bank branches in ports and border areas open in the interest of import-export trade.

It has also been said that in case of provision of banking services, the respective authorized dealer (AD) branches and the concerned departments of the head office may be kept open by a limited number of manpower as per the requirements of the respective banks.

Regarding ATM booths, it has been said that in order to facilitate transactions through ATMs and cards, it is necessary to ensure adequate note supply at ATM booths with the help of the concerned administration and ensure necessary internet banking facilities at all times.


Source: Daily StockBangladesh by www.dailystockbangladesh.com.

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