Bangladesh Bank's RTGS transactions resume after technical fault fixed

Bangladesh Bank's Real Time Gross Settlement (RTGS) system, which carries large interbank transactions, was temporarily suspended on Tuesday morning after an unexpected technical fault in the central bank's Core Banking Solution (CBS). Transactions resumed by 11am after the fault was fixed.

Through the RTGS system, large interbank transactions and fund transfers between commercial banks are settled. The morning disruption therefore caused difficulty in the banks' urgent high-value transfers and clearing operations.

Md Arif Hossain Khan, executive director and spokesperson of Bangladesh Bank, confirmed the matter on Tuesday (10 November) morning.

According to central bank sources, the ICT division and the technical team moved quickly as soon as the sudden fault appeared in the system in the morning. Their immediate steps made it possible to resolve the problem by 11am, after which transactions resumed as usual.

The brief disruption caused some difficulty in large urgent fund transfers and clearing activities between commercial banks and their customers.

The system was brought back to normal in the shortest possible time, and all such operations are now running normally.