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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.

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