Finance
Banking Lockdown: Banks, stock markets to remain open
Dhaka, April 14: A letter has been sent to the Governor of Bangladesh Bank from the Cabinet Division instructing to ensure banking services for special needs within eight days of strict restrictions. According to the directive sent on Tuesday (April 13), the bank will remain open to conduct banking activities for special needs.
Meanwhile, the Bangladesh Securities and Exchange Commission (BSEC), the regulator of the capital market, has decided to continue trading in the stock market as it has decided to open a bank.
Bangladesh Bank has issued a circular on Tuesday (April 13) evening in the light of the directives of the Council of Ministers. The circular issued by the Central Bank's Department of Off-site Supervision has been sent to the chief executives of all scheduled banks operating in the country.
It said, "Except for weekly and public holidays, bank transactions will continue from 9:30 am to 1:30 pm until further notice. However, the bank will remain open till 3 pm to complete other ancillary functions. 11 of the circular issued by DOS on April 4 The instructions will remain unchanged. "
On the other hand, trading in the stock market will continue from 10 a.m. to 12:30 p.m. However, on the occasion of the first Baishakh, trading in the stock market will be closed on Wednesday (April 14). After that, trading in the stock market will start from Thursday. According to the current schedule, there will be two and a half hours of trading in the stock market from 10 am to 12:30 pm.
On Tuesday (April 13) evening, BSEC executive director and spokesman Mohammad Rezaul Karim said there would be no trading in the stock market as the first Boishakh was closed on Wednesday. The transaction will run from 10 am to 12 noon on Thursday. Pre-opening will be closed in this transaction. However, the 15-minute post-closing session will continue.
