The central bank has asked the top executives of the non-bank financial institutions (NBFIs) to play a strong role for averting irregularities in the sector, officials said on Wednesday.
The instruction was given at a quarterly review meeting with the managing directors (MDs) and chief executive officers (CEOs) of all NBFIs at the Bangladesh Bank (BB) headquarters in Dhaka, with BB deputy governor Ahmed Jamal in the chair.
The BB also asked the NBFIs to ensure good governance in the sector through improving their internal control and compliances.
"We've directed the top executives to play their due roles to avert any kind of irregularities," a senior official at the BB told the FE without elaborating.
The top executives of the NBFIs have urged the central bank to provide emergency liquidity support for improving their financial health.
They earlier proposed a special refinancing scheme involving Tk 100 billion on the same grounds.
"Formation of the proposed refinancing scheme was discussed at the meeting," said Md. Golam Sarwar Bhuiyan, MD and CEO of Industrial and Infrastructure Development Finance Company (IIDFC).
He said the top executives of the NBFIs assured the BB to help ensure good governance in the sector.
The meeting was held just a day after the formation of a high-powered committee to probe into alleged irregularities in the sector.
Earlier on Monday, the central bank formed the five-member committee, headed by A.K.M Sajedur Rahman Khan, deputy governor of the central bank, to look into irregularities in Bangladesh Industrial Finance Company Limited (BIFC) along with other non-banking financial institutions (NBFIs).
The committee, officially known as Fact Finding Committee, has been assigned to submit its report to the BB governor within the next three months, officials said.
Talking to the FE, BB's spokesperson and executive director Serajul Islam said the committee is expected to start its functions soon.
He also said the central bank formed the committee in line with the High Court's observations on a petition relating to the BIFC.
The BB's latest move came against the backdrop of a significant amount of money plundered allegedly by Prashanta Kumar Halder, known as PK Halder, from four NBFIs.
Currently, 35 NBFIs are running their business across the country.
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