A single company can’t have more than one representative director in the board of a non-bank financial institution (NBFI), said the Bangladesh Bank yesterday.
Bangladesh Industrial Finance Company Ltd (BIFC), a non-bank financial institution or NBFI, faces liquidation as it has failed to pay back loans and deposits of Tk 640 crore to 19 banks and seven NBFIs.
We have both reported and editorialised how the Farmers' Bank went down under and now we are seeing a similar situation emerging with the non-bank financial institutions (NBFIs).
A single company can’t have more than one representative director in the board of a non-bank financial institution (NBFI), said the Bangladesh Bank yesterday.
Bangladesh Industrial Finance Company Ltd (BIFC), a non-bank financial institution or NBFI, faces liquidation as it has failed to pay back loans and deposits of Tk 640 crore to 19 banks and seven NBFIs.
We have both reported and editorialised how the Farmers' Bank went down under and now we are seeing a similar situation emerging with the non-bank financial institutions (NBFIs).