Bank directors' tenure extension: What it means for the banking sector thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.
Allowing directors to stay on for 12 years will deal a huge blow to the financial health of banks, which are already facing several crises, including a lack of corporate governance in recent years, say experts.
The Bank Company (Amendment) Bill 2023 was passed in the parliament yesterday amid a huge outcry and a walkout by the main opposition party, Jatiya Party due to a last-minute contentious addition