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Banks asked to provide emergency service near flood-hit areas

Banks asked to provide emergency service near flood-hit areas
Business

Banks have been instructed to provide emergency service from their branches in the areas where banking operations were forced to close due to flood, according to a circular issued by Bangladesh Bank on Sunday. 

Flash floods triggered by rise in water level in rivers inundated several districts including Sylhet, Rangpur and Kurigram.

As a result, banks were instructed to suspend their regular services at branches and sub branches in the flood-hit areas. 

Instead, they were directed to arrange emergency services for customers from nearby branches. 

The instruction, which is issued under the Bank Company Act for public interest, was sent to the managing directors and chief executive officers of all banks.

Meanwhile, banks could not open their branches in Sylhet and Sunamganj on Sunday due to floods with water submerging the ATM booths. 

Besides, mobile banking also remains suspended as floods disrupted internet, mobile and power communications.