Dhaka, Bangladesh (BBN) - The central bank of Bangladesh is likely to approve about half a dozen new private commercial banks (PCBs) in a meeting of its board of directors on Sunday.
“Today’s meeting of the Bangladesh Bank (BB) board -- an earlier adjourned one -- is expected to approve new PCBs upon completion of scrutiny of all 16-short-listed applications for setting up of new PCBs,” a senior official of the central bank told BBN in Dhaka on Saturday.
He also said the board could not complete the analysis of all the applications in its meeting last Thursday.
On Thursday, the central bank approved three new commercial banks sponsored by non-resident Bangladeshis (NRBs) to help boost the inflow of foreign exchange.
The meeting of the BB board that approved three NRB banks was adjourned until 1:30 pm on April 8 (Sunday) for taking the final decision on approval of other PCBs, sponsored by local entrepreneurs.
Earlier, 37 applications were submitted to the central bank for setting up of new PCBs. Of them, 21 were rejected by a preliminary scrutiny committee mainly due to lack of necessary papers and documents.
BBN/SSR/AD-07Apr12-9:25 pm (BST)
