New body forms to promote NBFIs

Last updated: June 6, 2012
Dhaka, Bangladesh (BBN)- An association of promoters of non-banking financial institutions (NBFIs) -- Financial Institutions Promoters' Association -- was formed with M Matiul Islam as chairman and Rashidul Hasan as vice chairman recently.
Mr. Islam is also the chairman of Industrial and Infrastructure Development Finance Company and Mr. Hasan is also the chairman of Uttara Finance.
The association was formed to raise voice on matters of common interest of the promoters of NBFIs, an association statement said.
The body also aims to act as a forum with whom Bangladesh Bank, the Securities and Exchange Commission or other regulatory bodies can interact on policy matters.
 
BBN/SSR/AD-06June12-11:55 am (BST) 
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