Bangladesh Bank issues detailed directive on appointment of MD, CEO for NBFIs
Dhaka, March 25 -- Individuals found to be involved in financial irregularities will be barred from leading Non-Bank Financial Institutes (NBFIs) as managing director or chief executive officer.
The Department of Financial Institutions and Markets of Bangladesh Bank issued detailed guidelines on the appointment of MDs/CEOs for NBFIs on Monday. The move had been sounded out by the central bank in recent weeks, as part of large-scale reforms aimed at ensuring good governance in the financial sector.
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The directive was sent to the top executives of NBFIs for immediate execution adhering to the guidelines contained in it.
The notification from Shapla Chattor sta...
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