Friday 22 June 2018 ,
Friday 22 June 2018 ,
Latest News
  • 'Sex trafficking of Rohingya children in Bangladesh'
  • Bail forgeries raise concern
  • 20-party to field single candidate in each city
  • BAB announces single digit interest rate
  • Trump reverses migrant separation policy
  • BNP to stage demo across country Thursday
  • Law on cards with death penalty for patrons: PM
13 September, 2017 08:42:32 AM
Print

Bank-Company (Amendment) Bill, 2017 placed in JS

BSS
Bank-Company (Amendment) Bill, 2017 placed in JS

Finance Minister Abul Maal Abdul Muhith yesterday placed the “Bank-Company (Amendment) Bill, 2017” in the Jatiya Sangsad with a view to bringing some changes in the process of nomination to the top positions of the bank and tenure of the directors reports BSS.

As per the new amendment of the bill, it has been proposed that four members of a family instead of existing two can be inducted in the board of directors of a bank at a time, and a person can hold the post of a director of a bank for nine years continuously instead of current three years.

Earlier, the cabinet approved the draft of the bill at its regular meeting with Prime Minister Sheikh Hasina in the chair on May 8, 2017. The draft was approved with bringing changes for fulfilling a long-run demand of the private bank owners particularly the promoters.

Jatiya Party lawmaker Fakhrul Imam objected to the placement of the bill in the house terming the proposal for raising the number of sponsor directors of the private banks from existing two to four from a family as unethical. He called for withdrawal of the bill as it would help open the floodgate for plundering depositors money by the sponsor family directors of the banks.

The finance minister gave the justification for placing bill in the house.

Later, the House sent the bill to the parliamentary standing committee concerned for scrutiny and asked to return back it by two months.

KK

Comments

Poll
Today's Question »
Information Minister Hasanul Haq Inu said BTV is still the most favourite channel as it has 83pc of the total viewers. Do you agree?
 Yes
 No
 No Comment
Yes 28.1%
No 65.6%
No Comment 6.3%
Video
More Business Stories
Tk 4,636cr e-passport project okayed The Executive Committee of the National Economic Council (ECNEC) yesterday approved a Tk 4,636 crore project to make around 3 crore higher technology based e-passports to make Bangladeshi passports to keep pace with other countries,…

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting