The Bangladesh Bank on Monday gave its final approval to the
proposed NRB Global Bank for getting banking licence.
‘The BB has given the approval at its board meeting after hearing the business plans presented by the proposed bank,’ a BB official who attended the meeting told New Age.
An USA-based Awami League leader Nizam Chowdhury is the chairman of the bank. Md Abdul Quddus is its managing director.
With the approval of NRB Global Bank, the BB gave final nod to all new nine banks.
NRB Global Bank failed to submit the application and bank drafts worth Tk 400 crore as paid-up capital to the BB within the October 16, 2012 deadline.
The BB board later set a new deadline for the bank for March 31, 2013.
NRB Global Bank will have to go to the Registrar of Joint Stock Companies and Firms for receiving approval to form banking company and then the BB will provide
final licence to the bank.
The BB official said that NRB Global Bank in its business plan had said that it would start the banking operation in July.
The nine banks are of the fourth generation. But NRB Global Bank has already been enlisted as a
scheduled bank by the central bank.
The central bank in April 2012 issued letters of intent to the sponsors of the nine proposed banks, including three banks set up by non-resident Bangladeshis.
The sponsors of the proposed banks are either from ruling party-led alliance or businessmen backed by the ruling party.
-With New Age input
