Bangladesh, July 1 -- The central bank has allowed four financially distressed non-bank financial companies (NBFCs) a special three-month period to restore their financial health and ensure repayment of depositors' funds before initiating regulatory resolution measures.
The decision was taken by the Bangladesh Bank (BB)'s Board of Directors under Section 15 of the Bank Resolution Act, 2026, allowing the institutions to implement corrective measures aimed at returning to a viable operating condition.
The four finance companies are Prime Finance & Investment Ltd, GSP Finance Company (Bangladesh) Ltd, Bangladesh Industrial Finance Company Ltd (BIFC), and Premier Leasing & Finance Ltd.
Under the directive, the companies must reconstitute the...