Bangladesh Bank gave the go-ahead to Citizen Bank Ltd during a meeting of its board of directors on Monday. After the meeting, Sirajul Islam, executive director of Bangladesh Bank, said: "The Citizen Bank has been given the final approval upon its meeting all requirements, including having a paid-up capital of Tk 5 billion." Former deputy governor of Bangladesh Bank Khondkar Ibrahim Khaled has questioned the rationale behind approving a new bank amid the ongoing crisis in the banking sector. Bangladesh Bank gave a preliminary approval to Bengal Bank, People's Bank and Citizen Bank on February 17 last year. However, Ibrahim Khaled was highly critical of the central bank for giving approval to another new bank amid the epidemic.

Source: bd News24 December 07, 2020 20:03 UTC