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Top News In Bank Company Act Today - Breaking & Trending Today

Govt allows Nagad Digital Bank owners to hold higher-than-usual stake

Nagad Digital Bank has issued 12.50 crore shares among seven sponsors. Of them, three companies Osiris Capital Partners (USA), Blue Haven Ventures (USA) and Finclusion Ventures Pte Ltd (Singapore) hold more than 10 percent shares. ....

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Forced bank mergers could be counterproductive

The government should come up with a clear guideline complying with the global best practices before compelling banks to merge, the World Bank said. ....

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Ensuring independence in the role of directors in banking companies

Independent directors play an important role in ensuring good corporate governance. An independent director is someone, who is independent from the management and shareholders of the banking company and only gives opinions in the interest of the banking company. ....

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Banks ordered to form special units for identifying wilful defaulters

The ‘Wilful Defaulting Borrower Identification Unit’ will have 30 days to determine whether someone is a wilful defaulter, the Bangladesh Bank said in a circular issued today (12 March). ....

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BB outlines tough measures for wilful defaulters

The Bangladesh Bank yesterday introduced strict measures for wilful defaulters as the authorities look to restore people’s confidence in the banking sector in the face of escalating defaulted loans. ....

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