The strict rules for the granting of permits for new banks probably are tracked to Bank, as the Prime Minister Office (PMO) be mitigated the problem under 'Pressure from influential circles' ready said official sources.
Prime Minister Sheikh Hasina has sought clarification from Bangladesh Bank (BB) about the rationality of strict regulations for new banks. The Ministry of Finance (MoF) last week said the Central Bank, the Department about their response to the premier queries inform a BB official, a letter to BB.
However, the BB Governor, said changes in the approval of the Board of BB would require.
"MoF has sought with reference to the query of the Prime Minister know some questions relating to the regulations of the new banks and the impact," said Mr Atiur the FE.
"We give explanation on the rationality of the new criteria for new banks," he added.
However, he said he was not under ' print changes in regulations to bring. Changes in the regulations, said meeting of the Board of Directors of BB are approved by the Governor.
Sources at the PMO said Sheikh Hasina was expected to harassed requirements of the paid-up capital of minimum criteria, white lent money and money, which contained issues as emerging Bank also close be mitigated owner, in the regulations of the Government have to bring about change in this respect.
"At least two to three strict conditions are changed are as far as the granting of permits for new Bank is concerned," senior said bureaucrat on the PMO.
In accordance with the requirements for new banks the paid-up capital of the Bank will not be less than Taka 4.0 billion, and the amount of the proposed Bank sponsor directors must be made available. Sponsors contribution on the proposed Bank equity 10 (b) and the contribution of loans by the Bank or non-bank will be net value declared to the tax authorities in the form of IT, that the institutions is not acceptable.
The earlier regulations for the issuance of banking licenses had no strict criteria money tax return, to declare, while there was no bar in borrowing from banks or financial institutions help sponsor amount for a new Bank, said a senior official in the Ministry of finance.
The BB Governor said to PMO and MoF would contain a comparison of current and past regulations along with their clarification.
The last time Bank were new in 1999 and 2000 granted licenses. The country is currently 47 scheduled banks.
Finance Minister AMA Muhith said that the Government would issue new banking licenses on ' political considerations "the criticism was raised."
The BB officials indicated that a total six to eight licenses for new banks are likely to to be this time issued.
Source: thedailystar.net
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