Bizdata Insights Main Logo

Central Bank Urges Banks to Prioritize Fire Safety Measures

Industry: Bank, Financial
Company: Bangladesh Bank
Company Intelligence Tag: Regulatory Insights

The Bangladesh Bank (BB) has issued a notice instructing banks to take necessary precautions to ensure fire safety in their business centers. This directive comes in response to recent fire incidents across the country, resulting in casualties, injuries, and property damage. The BB has emphasized the importance of adhering to the Fire Prevention and Extinction Act 2003 and the Bangladesh National Building Code 2020 to ensure fire safety compliance.

The notice further highlights the need for banks to assess the effectiveness of their automatic fire safety equipment installed in business centers, provide training to staff members, and conduct regular fire drills. These measures aim to mitigate fire risks and enhance the overall safety of banking premises. By implementing these guidelines, banks can demonstrate their commitment to maintaining a secure environment for employees, customers, and valuable assets.

Source for more details:

Related News

Banks Offer Over 7% Interest on Foreign Deposits

December 5, 2023

To address the ongoing dollar crisis, Bangladesh Bank has mandated that banks offer over 7% interest on resident foreign currency deposits (RFCD). The central bank's notification allows individuals to deposit up to $10,000 in RFCD, with banks providing a minimum of 1.5% interest in addition to the benchmark rate.

Islamic Banks Face Dwindling Trade with 39% Export Drop

December 5, 2023

Trade through Bangladesh's 10 Shariah-compliant banks is dwindling, with loans surpassing deposits, creating liquidity challenges. Exports facilitated by these banks dropped by almost 39% in Q2, contrasting the nation's overall export growth of 7%.

Southeast Bank Inks Trade Agreement with Commercial Bank

December 5, 2023

Southeast Bank PLC recently signed a Master Trade Loan agreement with Commercial Bank of Dubai PSC at its Head Office. The collaboration involves the Commercial Bank of Dubai providing trade loans to Southeast Bank for its Offshore Banking Operation

Standard Chartered Collaborates with TMSS

December 5, 2023

Standard Chartered Bangladesh has joined forces with Thengamara Mohila Sabuj Sangha (TMSS) to enhance the well-being, resilience, and productivity of rural farming communities in Bangladesh. With an investment of approximately BDT 26 million, the bank is launching two agricultural initiatives benefiting 25,500 farmers.

Meghna Bank Inks MoU with Ship Hospital

December 4, 2023

Meghna Bank PLC recently entered an MoU with Ship International Hospital at its Dhaka Head Office. The multi-specialized private hospital, operating under Japanese management, will offer exclusive year-round discounts on registrations to all Meghna Bank cardholders and employees.

Modhumoti Bank Donates Tk 120 Million to Red Crescent

December 4, 2023

Modhumoti Bank Limited presented a Tk. 120 million cheque to the Bangladesh Red Crescent Society, Dhaka city unit during its 51st Annual General Meeting. The contribution, part of the bank's CSR program, was handed over at the Holy Family Red Crescent Medical College Auditorium, Dhaka.

Related News

Banks Offer Over 7% Interest on Foreign Deposits

December 5, 2023

To address the ongoing dollar crisis, Bangladesh Bank has mandated that banks offer over 7% interest on resident foreign currency deposits (RFCD). The central bank's notification allows individuals to deposit up to $10,000 in RFCD, with banks providing a minimum of 1.5% interest in addition to the benchmark rate.

Islamic Banks Face Dwindling Trade with 39% Export Drop

December 5, 2023

Trade through Bangladesh's 10 Shariah-compliant banks is dwindling, with loans surpassing deposits, creating liquidity challenges. Exports facilitated by these banks dropped by almost 39% in Q2, contrasting the nation's overall export growth of 7%.

Southeast Bank Inks Trade Agreement with Commercial Bank

December 5, 2023

Southeast Bank PLC recently signed a Master Trade Loan agreement with Commercial Bank of Dubai PSC at its Head Office. The collaboration involves the Commercial Bank of Dubai providing trade loans to Southeast Bank for its Offshore Banking Operation

Standard Chartered Collaborates with TMSS

December 5, 2023

Standard Chartered Bangladesh has joined forces with Thengamara Mohila Sabuj Sangha (TMSS) to enhance the well-being, resilience, and productivity of rural farming communities in Bangladesh. With an investment of approximately BDT 26 million, the bank is launching two agricultural initiatives benefiting 25,500 farmers.

Meghna Bank Inks MoU with Ship Hospital

December 4, 2023

Meghna Bank PLC recently entered an MoU with Ship International Hospital at its Dhaka Head Office. The multi-specialized private hospital, operating under Japanese management, will offer exclusive year-round discounts on registrations to all Meghna Bank cardholders and employees.

Modhumoti Bank Donates Tk 120 Million to Red Crescent

December 4, 2023

Modhumoti Bank Limited presented a Tk. 120 million cheque to the Bangladesh Red Crescent Society, Dhaka city unit during its 51st Annual General Meeting. The contribution, part of the bank's CSR program, was handed over at the Holy Family Red Crescent Medical College Auditorium, Dhaka.

Shopping cart

0
image/svg+xml

No products in the cart.

Continue Shopping

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here