National Bank’s services to remain suspended

National Bank Limited has received approval to temporarily suspend all banking services to facilitate a seamless migration to a new core banking software system, reports BSS.

To this end, Bangladesh Bank issued a circular on Thursday.

According to the circular, all banking services of the National Bank Limited will be suspended from December 31, 2024 to January 04, 2025, to facilitate a seamless migration to the Core Banking System (CBS).

Bangladesh Bank gave the go-ahead under the authority granted by Section 45 of the Bank Companies Act, 1991, ensuring the bank can focus on completing the migration effectively.