Wednesday , 20 October 2021
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NBFIs must take CIB reports about directors to open new branches

businessnews24bd.com
Bangladesh Bank Governor Dr Atiur Rahman Tuesday said non-banking  financial institutions (NBFIs) must submit reports of Credit Information Bureau (CIB) about their directors for opening of new branches.

“It is mandatory for NBFIs to take CIB reports about their directors for opening of new branches,” the governor said while addressing a meeting of chief executives of FIs at the central bank in the capital.

He said financial institution and marketing department side by side with bank inspection department will now inspect the proposed place of setting up new branches.

About the proposal to amend the policy regarding buying of luxurious cars, the governor told them that there is no scope to amend this policy right now.

The governor also rejected a proposal of doubling the documentation fee.

While briefing reporters, deputy governor SK Sur Chowdhury said BB will give a final decision regarding opening of new branches with the next one month. NBFIs have been instructed to comply with the BB’s order about their paid-up capital.

If they fail to comply with the order, BB would take action against NBFIs concerned, he added.

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