Bank chairmen, MDs restricted from going abroad

Special Correspondent: The chairmen and managing directors of the state-owned commercial banks have been restricted from going abroad together. As a result, no state-owned bank chairman and MD will be able to travel abroad together.

Financial Institution Division of the Ministry of Finance issued a circular in this regard recently.

The circular said that chairmen and managing directors of the banks travel aboard at different times and in some cases they stay for a long time. But, the chairmen and managing directors do not inform about their traveling and send any copy to the ministry.

The circular also said travelling two persons at a time hampers taking any important decision and normal functioning of a bank.

risingbd/Dhaka/April 16, 2019/Hasnat/Mukul