RTGS transactions resume

RTGS transactions resume

Interbank transactions through Real Time Gross Settlement (RTGS) system resumed today after the Bangladesh Bank (BB) resolved the technical glitch in the system.
Md Sarwar Hossain, assistant spokesperson of the BB, confirmed that the problem was fixed last night and transaction has been begun since morning.
Banks yesterday faced trouble in settling transactions with other banks owing to a technical glitch in the RTGS. Since instant transactions of funds among banks were stalled, it affected payments, including bills and disbursements of salaries of many firms.
The BB yesterday afternoon postponed RTGS operation citing unavoidable circumstances.
However, as transactions through cheques and Bangladesh Electronic Fund Transfer Network (BEFTN) system were on, banks could transfer a portion of funds among themselves.