Dhaka, Bangladesh (BBN)- Two more proposed banks are likely to get clearance from the central bank today (Tuesday) for starting business on their compliance with all the preconditions.

These are the Farmers Bank Limited and the Midland Bank Limited.

“The central bank is still working to place a proposal of the Farmers Bank along with that of Midland at Tuesday’s meeting of the board of directors,” a senior official of the Bangladesh Bank (BB) told BBN in Dhaka on Monday.

He also said, the proposal of the Farmers Bank is yet to be included in the agenda of the board meeting. “We’re trying to submit the proposal as a ‘table memo’ to the board meeting.”

Another proposal relating to the Midland Bank Limited will be placed before the board seeking clearance to issue it a licence as the new commercial bank, according to the BB officials.

Meanwhile, the central bank has issued no-objection certificates (NOCs) to five proposed banks for starting their businesses. It also asked them to get themselves incorporated as companies with the Registrar of Joint Stock Companies and Firms (RJSCF).

The banks are NRB Commercial Bank Limited, Union Bank Limited, South Bangla Agriculture and Commerce Bank Limited, Meghna Bank Limited and the NRB Bank Limited.

The central bank is now working on scrutiny of different documents including loan status of the sponsors of Modhumoti Bank Limited.

Earlier, eight proposed banks applied to the BB for licences to start their businesses, upon compliance with the requirements as per the terms and conditions of the letter of intent (LoI).

Another proposed bank — NRB Global Bank Limited — has been allowed to complete its formalities, as required by the LoI, by March 31, 2013.

BBN/SSR/AD-18Feb13-10:06 pm (BST)