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Muhith asks BB to insist NRB Bank on administrator

  • Published at 12:06 am October 30th, 2016
Muhith asks BB to insist NRB Bank on administrator
Muhith directed Banking Division Secretary Md Eunusur Rahman to take necessary actions in this regard, said an official of Bank and Financial Institutions Division. The official said finance minister also wanted to sit NRB Commercial Bank’s top officials to solve “differences” between the bank’s directors. According to official sources, Bangladesh Bank inspected NRB Bank, a three-year old bank, 18 times during last seven months. On September 11, 2016 the High Court asked the Bangladesh Bank to carry out an inspection of the NRB Commercial Bank after allegations of irregularities were brought by a director of the bank. The Court made the ruling after AM Tushar Iqbal Rahman, a director of the NRB Bank, filed allegations of irregularities against the bank. The bank was founded in 2013 by a group of expatriate Bangladeshis living in different countries.