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.
National Bank’s services to remain suspended
FE Team | Published: December 20, 2024 00:31:11
National Bank’s services to remain suspended
Share if you like