State Bank of Barriers to buy shares of Farms Bank

The big barriers to buying private Former Bank shares have been overcome. Publicity Sonali, Janata, Agrani and Rupali Bank can now buy shares. Bangladesh Bank has generally given exemption from the provisions of the provisions of Section 14A and Section 26 of Bank Company Act, 1991, and the Bangladesh Bank exempted.

A notification issued from the banking regulation and policy department of Bangladesh Bank on Tuesday. As a result, the government's four banks and state-owned investment corporation of Bangladesh (ICB) did not have any other obstacles to buy Firms Bank's shares.

The agreement, signed by Governor Fazle Kabir, stated that the powers given under Section 121 of the Bank Company Act, 1991 (Act 14 of 1991), Bangladesh's Sonali Bank Limited, Janata Bank Limited, Agrani Bank Limited and Rupali Bank Limited were bought in the shares of The Firms Bank Limited. In the case of the consolidation, the provisions of section 14 and 26 of the Bank Companies Act, Yahati is provided.

It is further stated that in the case of the companies appointed by Sonali Bank Limited, Janata Bank Limited, Agrani Bank Limited, Rupali Bank Limited, and Investment Corporation of Bangladesh, the CEOs of the Firms Bank Limited It is common to follow the provisions of section 23 (1) (a) of the Companies Act, 1991 Abe is exempt. "

Another notification said that the provisions of Section 12 of Section 12 of the Companies Act, 1991 (Act 14 of 1991), hereby comply with section 7 (3) of the Bank Company Act, 1991 to provide 'Security Custodial Services' without forming a subsidiary to all Scheduled Banks operating in Bangladesh. Generally, the exemption was granted. This exemption will be effective from July 22, 018.

Over the past few months, discussions on various means of protecting Ferman's Bank in the financial crisis were going on. One of them is the four banks and financial institutions of the state-owned financial institutions ICB to Farmers. But the companies wanted to share Farmer's share in return. Now the companies will be able to buy shares due to the legal bar. Sinking firms can also be saved.