4 of a family can be bank directors
Cabinet approves draft law
The cabinet approves a draft law, which allows four members of a family to be directors of a bank. The existing law permits two members of a family for the director posts. The cabinet today approved the draft law at the weekly cabinet meeting at the Secretariat in Dhaka with Prime Minister Sheikh Hasina in the chair.
The cabinet today approved a draft law, which allows four members of a family to be directors of a bank.
The existing law permits two members of a family for the director posts.
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The cabinet today approved the draft law at the weekly cabinet meeting at the Secretariat in Dhaka with Prime Minister Sheikh Hasina in the chair.
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The directors can serve the post nine years in three phases with a three years break after each term, Cabinet Secretary Shafiul Alam told reporters after the meeting.
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