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.