Capital market closed due to decision to close banks: BSEC chairman

Sharebarta24.com, Dhaka: Due to the deteriorating situation of corona virus, a general holiday has been declared on April 14 (Wednesday) from 8 am to midnight on April 21 by imposing restrictions. Bangladesh Bank has decided to close the bank in the lockdown as per the instructions of the government. The policy makers of the central bank have taken this decision this evening. Bangladesh Bank spokesman said a notification will be issued in this regard. Sirajul Islam has confirmed.

Shibli Rubaiyat-ul-Islam, chairman of the capital market regulator, said, “Our decision is that if the bank is open, the capital market will also be open.” And if the bank is closed, the transaction will also be closed. ‘Since the announcement is coming from Bangladesh Bank, the bank will be closed, so the capital market will be closed.

Meanwhile, a notification issued by the Cabinet Division on April 12 said that all government, semi-government, autonomous and non-government offices / financial institutions will be closed and all officers and employees will be at their respective workplaces. However, air, sea, naval and land ports and related offices will be excluded from the scope of the ban.

According to sources, the bank had been closed for three days from April 14 to 20, including public and weekly holidays. With that may come instructions to close the bank for an extra few days. Earlier, the bank was kept open for a limited period due to last week’s lockdown (April 5-6).

A meeting was held at Bangladesh Bank in the afternoon under the chairmanship of Governor Fazle Kabir to decide on the bank’s transactions during the lockdown. Central Bank spokesman and executive director of the meeting. Sirajul Islam said all scheduled banks in the country would remain closed during the lockdown. However, bank branches can be kept open at land and sea ports.

At the same time, if a bank thinks that a certain AD branch needs to be kept open, then at its own discretion that branch can be kept open for a certain period of time. Sirajul Islam said that the departments of the head office affiliated with the AD branch could be kept operational with limited manpower.


Source: Share Barta 24 by www.sharebarta24.com.

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