Bangladesh Bank (BB) will hold a meeting with non-banking financial institutions (NBFIs) on Tuesday as part of its move to improve performance of the banking and non-banking financial institutions, reports UNB.
All the chief executive officers (CEOs) and top officials of the country's 29 NBFIs have been invited to the meeting scheduled for 11 am at the central bank.
Officials said Bangladesh Bank governor Dr Atiur Rahman will address the meeting focusing on his campaign against irregularities or malpractices in NBFIs.
Bangladesh Bank governor secretariat's general manager AFM Asaduzzaman downplayed the meeting as a routine affair.
Sources at Bangladesh Bank said they are expecting special emphasis on strengthening central bank's monitoring on the performance of the NBFIs amidst recent scams at different state-owned and private banks.
They said the latest incident of financial scam at the state-owned specialised Basic Bank has prompted the central bank launch a strong and thorough monitoring at banks and financial institutions. They also said the Bangladesh Bank has the same authority over the operation of the NBFIs as it has over the banks.
Sources said a total of 18 agenda were set to be discussed in the Tuesday's meeting that include up-gradation of NBFIs paid up capital to Tk 1.0 billion from existing Tk 0.5 billion, classified and default loans, cost of fund and interest rate, risk management and rating.
They said the preparation of a guideline on sending of information to Anti-Corruption Commission (ACC) and other law enforcing agencies will come up at the meeting.
BB to discuss boosting performance with NBFIs
FE Team | Published: August 12, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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