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Standard Islami Bank PLC will suspend all banking activities and services from 10pm on October 20 to 11:59 am on October 23 to upgrade its Core Banking System (CBS), according to a Bangladesh Bank circular.
The central bank's Supervision Data Management and Analytics Department (SDAD) issued the circular today, granting the bank permission to carry out the upgrade of its CBS database servers, CBS Application Framework and database management system.
Under the upgrade plan, the bank will upgrade its CBS Application Framework from version 11g to 12c and its Oracle database management system from version 11g to 19c.
The upgrade is aimed at improving the bank's core banking technology infrastructure.
The circular, signed by Bangladesh Bank SDAD Director Mohammad Abdul Mannan, said the permission had been granted under Section 45 of the Bank Company Act, 1991.
During the specified period, all types of banking operations and services of Standard Islami Bank will remain completely suspended, the circular said.
