Not more than 2 of a family to be bank directors

From now on, not more than two members of a family could remain as directors of a bank as per the Bank Companies Act (amended) 2013. “The central bank has asked all the banks to strictly follow this rule,” deputy governor of Bangladesh Bank SK Sur Chowdhury told reporters while briefing on the proceedings of the bankers’ meeting with the central bank held on Monday. Bangladesh Bank governor presided over the meeting while managing directors and chief executive officers of the public and private banks and financial institutions were present at the meeting, according to a news agency.