Up to 3 of family can be directors of a bank

The Cabinet Division has approved the draft Bank Company (Amendment) Bill 2023, with a provision allowing up to three members of a family to be directors of a bank.

This approval came on Tuesday in a cabinet meeting with Prime Minister Sheikh Hasina in the chair at her office.

While briefing reporters at the secretariat after the meeting, Cabinet Division Secretary (Coordination and Reforms) Mahmudul Hossain Khan said previously, four members of a family could be directors of a bank, but the number will now be reduced to three.