Non-banks

First ever guideline for non-banks’ independent directors

First-ever guideline for non-banks’ independent directors

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

BB now hikes interest rates for NBFIs

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.

Deposit, lending rates hiked for non-banks

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