Economic Correspondent: The central bank has approved another bank just before the upcoming election.
Bangladesh Bank’s board of directors led by Bangladesh Bang governor Fazle Kabir approved the principle of new bank ‘Bengal Commercial Bank in a meeting on Tuesday night.
The central bank’s executive director Sirajul Islam said confirmed the matter to risingbd.com on Wednesday.
Bengal Group vice-chairman Md Jashim Uddin is the chairman of the bank. He is the younger brother of Awami League lawmaker Morshed Alam.
Earlier, the central bank approved a bank named ‘Community Bank of BangladeshLtd’ of Bangladesh Police Kalyan Trust.
risingbd/Dhaka/Dec 12, 2018/Nasir/Nasim