BB asks banks, FIs to keep services uninterrupted

Bangladesh Bank (BB) has instructed banks and Financial Institutions (FIs) to continue uninterrupted banking services with limited manpower despite worsening Covid situation.

All the scheduled banks, FIs were asked to take Business Continuity Plan (BCP) along with execution preparations of to continue the banking services.

Payment System Department (PSD) of the BB on Tuesday issued a notification in this regard and sent to the top executives of all banks and FIs to implement immediately.

The notification asked the banks and FIs to encourage customers to prefer Mobile Application based banking, Card Not Present (CNP), near field communication (NFC) transactions instead of physical presence based transactions.

The BB asked the concerned to keep enough money in the cash out points, mobile financial service (MFS), agent banking outlets and ATM booths to meet the customers’ instant demand of cash money.

Besides, the banks were asked to ensure necessary cyber security measures along with adequate precautionary steps to meet emergency services.

Source: United News of Bangladesh