The minimum age of such directors is 45 years and maximum 75 years

He had joined IPDC in 2006 as head of operations and technology

They were also asked to submit a work plan

Bangladesh Bank yesterday hiked the interest on deposits with non-bank financial institutions (NBFIs) to 9.70 percent and the lending rate to 12.70 percent to help ease the country’s inflationary pressure.

NBFIs can now offer 9.7% for deposits, 12.7% for lending

Nagad wants to establish a digital bank

Nagad will now move to be an MFS under Nagad Finance

Uttara Finance Ltd is yet to take any major steps against the officials allegedly involved in the Tk 5,100 crore scam unearthed by the Bangladesh Bank although four months have passed since the central bank directed it to bring the culprits to the book.

A single company can’t have more than one representative director in the board of a non-bank financial institution (NBFI), said the Bangladesh Bank yesterday. 

Bangladesh Bank says today

The chairmen of non-bank financial institutions along with the heads of executive, audit and risk management committees who hold directorships of associated subsidiaries or foundations will be able to continue to serve in the latter positions until December this year.

The borrowers of non-bank financial institutions will enjoy a flexible loan repayment facility up to December this year.

The Bangladesh Bank today said the interested candidates for the post of managing directors of non-bank financial institutions (NBFIs) have to obtain at least 20 years of working experience at banks or NBFIs.