4 members of a family could be bank directors
The cabinet on Monday approved the draft 'Bank Company (Amendment) Bill, 2017' which will allow four members of a family to be the directors of a bank.
The existing law permits only two members of a family to be the directors of a bank.
The cabinet gave the approval at its weekly meeting held at the Secretariat with prime minister Sheikh Hasina in the chair.
While briefing reporters after the meeting, cabinet secretary Mohammad Shafiul Alam said it was the desire of the founding directors of private b...