One more NBFI approved

The central bank has approved a proposal for setting up one more non-banking financial institution (NBFI) aiming to facilitate venture capital, officials said. The decision was taken at a meeting of the board of directors of the Bangladesh Bank (BB), held at the central bank headquarters in Dhaka Sunday with BB Governor Atiur Rahman in the chair. The approved NBFI is Alliance Leasing and Finance Company Limited, a joint-venture initiative between Bangladesh and Sri Lanka.    — FE Report