BB sets minimum age limit for bank director
Dhaka, Feb. 12 -- The Bangladesh Bank (BB) has tightened the rules of appointing bank directors as sets a minimum age for the post of bank director at 30 years with at least 10 years of business experience after turning 18 years old.
The central bank announced this in a circular on Sunday stepping in line with the Bank Company (Amendment) Act, 2023.
The age limit was introduced in a new guideline to ensure good governance the banking regulation in regard to the formation of the board of directors and responsibilities of directors of a bank company.
The guideline will come into effect immediately, said the circular.
Previously, there was no age limit for becoming a bank director. Taking advantage of this, some banks appointed directors who...
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