Authorities must press ahead with the proposed changes to banking law.
Amendments to Bank Company Act also propose smaller boards, reducing family control
The interim government is set to amend the Bank Company Act by reducing the board members from a single family, the BB governor tells The Daily Star
Last week the cabinet of Bangladesh okayed the draft Bank Company Act 2023 with an expressed intention to improve financial governance in our country. It was desired that if implemented properly, it could have major consequences for popularly known willful loan defaulters as well as the way our bank boards are formed and run.
