BB asks multiple post-holders to quit by Dec

The resignation timeline for multiple post-holding chairmen and board members of NBFIs and their subsidiaries has been extended up to December 2022.
Bangladesh Bank on Tuesday issued a circular to this end. Earlier, the BB fixed the resignation deadline by 30 June 2022.
Like chairmen of non-bank financial institutions (NBFIs), chiefs of subcommittees comprised of board members cannot be the chairmen or directors or members of any company or institution or foundation formed by the same financial institution.
At the same time, any person appointed as chairman of executive committee, audit committee or risk management committee comprising the members of the board of the same financial institution will not get the same opportunity.

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