Opening New Branch
Fin min tags new conditions for state-owned specialised banks
The ministry of finance has tagged some new conditions for four state-owned specialized banks for opening new branches. It wanted 80 per cent branches of Bangladesh Krishi Bank, Rajshahi Krishi Unnayan Bank, Ansars and VDP Bank and Karmasangstan Bank to make profit as a prerequisite for opening new branches. Besides, the banks have been asked to send their proposal for opening new branches by September.
Bank and financial institutions division has issued a circular in this regard on Tuesday, officials said.
According to the circular,
the banks will not be able to propose opening new branch within 10 kilometres of another branch already existing.
-With New Age input
