Dhaka, Bangladesh (BBN) - The central bank of Bangladesh has decided to give non-banking financial institutions (NBFIs) a breathing time to raise their paid-up capital to BDT 1.0 billion.
A total of nine NBFIs have failed to raise their capital by the December 31 deadline.
“The central bank will give those (NBFIs) some time,” a senior official of the Bangladesh Bank (BB) said, adding that the BB will also ask the Bangladesh Securities and Exchange Commission to expedite the right share offers of some of these NBFIs.
Some of the NBFIs had plans to raise their capital by offering rights shares but Bangladesh Securities and Exchange Commission earlier blocked the scope for the companies with negative earnings.
There are 31 NBFIs operating in the country. Of them, 22 are listed on the stock market.
BBN/SI/AD-30Dec12-11:30 am (BST)
