The Bangladesh Bank (BB) yesterday formed a seven-member committee to device plans to implement single digit bank loan interest for manufacturing sector and ways to reduce the soaring non-performing loans (NPLs).
The BB's Deputy Governor SM Moniruzzaman would lead the committee, BB spokesperson Serajul Islam told Dhaka Tribune last night.
The other members of the committee are Agrani Bank Chairman Zaid Bakht, Standard Bank Chairman Qazi Akramuddin Ahmed, Managing Director and Chief Executive Officer (CEO) of Rupali Bank Obayed Ullah Al Masud, Mutual Trust Bank's CEO Syed Mahbubur Rahman, IFIC Bank's CEO Shah A Sarwar and NRB Bank CEO Md Mehmood Husain.
The decision on formation of the high-powered committee came at a meeting between Finance Minister AHM Mustafa Kamal and chairmen, directors and managing directors and chief executive officers of all public and private sector banks at the NEC auditorium at Agargaon in the capital yesterday.
The BB Governor Fazle Kabir said the committee would submit its recommendations on December 8.
