ATM Booth

Banks do not need prior permission of the central bank to set up ATM booths or any other electronic booths, reports UNB. Bangladesh Bank issued a circular in this regard yesterday.  
The circular said banks will require their respective boards’ approval meeting the expanses of rent and booth installation cost.

However, the circular, issued by Bangladesh Regulation and Policy Department (BRPD), said BB will take action if it finds any flaws in this regard in its vigilance. If necessary, the operation of the booth concerned will be shut down, said the central bank adding that there will be no other business through such booths.
In regard to rent or lease of banks’ office, the circular said if a bank while renewing its contract for rent or lease of office for three years or more, increases its rent or lease amount by 15 per cent, it does not need to take permission of Bangladesh Bank. But it will require approval of its board for this purpose.

The central bank yesterday relaxed the guidelines for setting up electronic booths, including automated teller machines, to help banks expand their networks.

Banks now can set up all kinds of electronic booths including ATMs without prior permission from the central bank, Bangladesh Bank said in a notice.

But consent from their respective boards is still needed with regards to expenses and rents for the ATM booths.

The central bank will take actions if it finds irregularities in the rent and expenses, and may close down the booth if necessary.

Save for electronic transactions, no other banking operations can be done via the booth, said the notice.

Meanwhile, in another development, banks can now go for rental or leasing renewal without prior permission from the central bank within three years of the latest approval on the same issue.

BB will have to be notified of the renewal within one month of approval from the banks' board of directors.

However, if the rent increase is upwards of 15 percent, BB's approval has to be taken.

NETROKONA : Pubali Bank Limited has inaugurated its 431st branch at Mohongonj, Netrokona. Sazzadul Hasan, Divisional Commissioner of Sylhet Division formally inaugurated the branch as Chief Guest. M.A. Halim Chowdhury, Managing Director (Current Charge) of Pubali Bank Ltd. was present as Guest of Honour. Deputy Managing Director of Pubali Bank Safiul Alam Khan Chowdhury, District Commissioner of Netrokona Tarun Kanti Shikder and SP of Netrokona Md. Zakir Hossain Khan were present as Special Guests. DGM and RM of Mymensingh region Md. Zahidur Rahaman presided over the inaugural ceremony.
In his speech M.A. Halim Chowdhury said that Pubali Bank is committed to providing the best & innovative banking services needs of the market in fastest possible time. As a part for providing better services & client’s increasing demand Pubali Bank has opened its 431st branch at Mohongonj, Netrokona. He expressed his hope that Pubali Bank would surely serve its customers with utmost satisfaction by applying modern technology through this branch. In this context he urged the local businessmen to avail the facility of Pubali Bank to expand their ventures. He expressed his hope that the branch would remarkable contribution in the business development of this area. He also urged all the local people for extending co-operation to the bank.
In his speech Safiul Alam Khan Chowdhury said that Pubali Bank has been providing better services for its customer with a promise to keep up its original tradition. He also said, PBL gives priority to provide opportunity and advantage to the customers through application of modern technologies. With a view to expanding the scope of services, the bank has opened its 431st branch at Mohongonj, Netrokona. Local elites & businessmen were also attended at the inauguration ceremony.