Bangladesh Bank on Tuesday gave final approval to five proposed banks for getting licences.
The five proposed banks which got the approval are NRB Commercial Bank, NRB Bank, Union Bank, South Bangla Agricultural Bank and Meghna Bank.
‘The BB gave the approval at its board meeting after hearing the business plans presented by
new bank
Nod to 6 more new banks
Central bank rules out political consideration
The Bangladesh Bank yesterday gave the go-ahead for six new private banks, all linked with either lawmakers of ruling Awami League and Jatiya Party or influential persons.
BB Deputy Governor Sitangshu Kumar Sur Chowdhury told reporters that the new banks were approved after “proper evaluation” and without any political
3 NRB banks get approval
Central bank unhappy with ranking of local aspirants, sits again Sunday
The central bank yesterday approved three new banks sponsored by non-resident Bangladeshis (NRBs) on condition that they will double their earlier proposed capital.
The meeting of the Bangladesh Bank Board of Directors that took the decision was adjourned till Sunday. When it resumes, proposals for local and private banks may be considered, meeting sources
Safeguarding citizen’s money
Sadiq Ahmed
Banking is an entirely different ball game. When a licence is given to a bank to manage citizen’s money, the government is taking on a huge responsibility. By granting the licence, it is essentially certifying that it has confidence in the enterprise and trusts that the enterprise will safeguard the citizen’s money it mobilises through deposit taking.
In banking, safety is of paramount importance; returns are relatively less significant. Ask citizens whether they prefer a bank that gives 20 percent return but a large probability of failure to a bank that gives 10 percent
Central bank under political pressure
Intense lobbying for approval to 15 new banks
Bangladesh Bank has been under pressure from politicians to give approval for at least 15 new banks, finance ministry officials say.
Some ministers, Awami League lawmakers and business groups close to the ruling alliance are lobbying government high-ups for permission to set up new