Dhaka, Feb. 11 -- The central bank is going to review both the Bangladesh Bank (BB) Order and the existing Bank Company Act to ensure corporate governance in the country's banking sector.

"We will update and modernise the BB Order and the Bank Company Act in line with the global practices," Bangladesh Bank Governor Dr Ahsan H Mansur said responding to a question while unveiling the half-yearly monetary policy statement at a press conference at the central bank headquarters in the capital on Monday.

The central bank will review each section of the Bank Company Act 1991, which was last revised in 2023 to make the sections relevant to the situation at the time, according to the central bank chief.

The number of bank directors, the tenure ...