Deposit cap to be relaxed for healthy NBFIs: BB governor | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 24, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 24, 2025
Deposit cap to be relaxed for healthy NBFIs: BB governor

Banking

TBS Report
14 November, 2023, 10:25 pm
Last modified: 14 November, 2023, 10:29 pm

Related News

  • US yet to confirm third-round talks as tariff deadline looms
  • Khulna Power to sell second plant to Turkish firm
  • Milestone plane crash: Students were preparing for coaching after class
  • Milestone crash: Indian medical team arrives in Dhaka
  • 13 political parties urge CA to announce specific election date

Deposit cap to be relaxed for healthy NBFIs: BB governor

He, however, could not share any concrete decision regarding how much of the new stringent act would be relaxed, to what extent, for which NBFIs

TBS Report
14 November, 2023, 10:25 pm
Last modified: 14 November, 2023, 10:29 pm
Bangladesh Bank Governor Abdur Rouf Talukder. Sketch: TBS
Bangladesh Bank Governor Abdur Rouf Talukder. Sketch: TBS

The cap of Tk50 lakh deposit from an individual and Tk1 crore in joint names as dictated in the Finance Companies Act 2023 would not be applicable for healthy non-bank financial institutions (NBFI), Bangladesh Bank (BB) Governor Abdur Rouf Talukder assured the industry. 

In a meeting with NBFI chairman and managing directors, the central bank governor yesterday in principle agreed for a relaxed implementation of the new act so that it does not hurt the industry, said Md Golam Sarwar Bhuiyan, chairman of Bangladesh Leasing and Finance Companies Association (BLFCA).

He, however, could not share any concrete decision regarding how much of the new stringent act would be relaxed, to what extent, for which NBFIs. 

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

BB Executive Director and Spokesperson Mezbaul Haque told The Business Standard that there had been no decision yet. 

The central bank having the gazette of the new act sooner would come up with guidelines and some of the discretionary power granted to the central bank by the act might be reflected there for the sake of no hiccup in the industry, he added. 

The industry and the regulator would have several meetings in the coming days to work on the details of the relaxation, BLFCA Chairman Golam Sarwar said.

However, several sources after the meeting told TBS that the BB governor expressed the central bank's readiness to let the NBFIs having not more than 8% non-performing loans (NPL) enjoy the exemption for the cap on individual savers' deposits. 

Other than a handful top-tier NBFIs, most of the firms are struggling for their much higher NPL that came as a consequence of lack of governance and efficiency within the firms. 

Some NBFI representatives requested the BB governor not to include the NPL legacy problem, instead, they suggested the central bank to consider if an NBFI was improving in recent years. 

The stricter law already passed in the parliament, which made collateral-free loans, decades-long directorship, and too much shareholding by a family or group for excessive control over the board tougher, would be implemented softly for the readiness of the industry, said sources. 

NBFI directors who already have had their three terms in a row might get some extension, they added. 

For not holding a 15% share of an NBFI by a family, group or related parties, one additional year might be allowed by the central bank, on top of the two years mentioned in the act. 

Exclusivity of shareholding between banks and NBFIs, the BB expressed some rigidity initially and later upon strong persuasion agreed to find some intermediate solution for deserving parties.

Top News

Deposit cap / NBFIs / BB governor  / Bangladesh

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • BB asks female staff to wear 'modest' attire, discourages short-sleeved or length dresses, leggings
    BB asks female staff to wear 'modest' attire, discourages short-sleeved or length dresses, leggings
  • Representational image. Photo: Collected
    US yet to confirm third-round talks as tariff deadline looms
  • File photo of BNP Chairperson Khaleda Zia arriving at the Evercare Hospital from her Gulshan residence on 18 June 2025. Photo: UNB
    Khaleda Zia taken to Evercare Hospital for late night medical check-up

MOST VIEWED

  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
    Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
  • Fire at Cosmo School in Mirpur on 23 July 2025. Photo: TBS
    Fire breaks out at Cosmo School in Mirpur following generator explosion
  • Representational image. File Photo: Rajib Dhar/TBS
    Debate arises as edu adviser says postponed HSC exams of 22 and 24 July will be held on same day
  • The Government Seal of Bangladesh
    Govt mulls allowing trade unions with 20 workers, industry leaders warn of disorder
  • Photo: CA Press Wing
    Stronger stance needed on maintaining law and order: Political parties to CA

Related News

  • US yet to confirm third-round talks as tariff deadline looms
  • Khulna Power to sell second plant to Turkish firm
  • Milestone plane crash: Students were preparing for coaching after class
  • Milestone crash: Indian medical team arrives in Dhaka
  • 13 political parties urge CA to announce specific election date

Features

Photo: Collected

24 July: More than 1400 arrested, 3 missing coordinators found

6h | Panorama
Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

1d | Panorama
Photo: Mehedi Hasan/TBS

Mourning turns into outrage as Milestone students seek truth and justice

1d | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

2d | Panorama

More Videos from TBS

ISPR reports 31 dead, official tally 29

ISPR reports 31 dead, official tally 29

8h | TBS Today
13 political parties meet with chief advisor; urge to announce election date

13 political parties meet with chief advisor; urge to announce election date

8h | TBS Today
Bangladesh and Pakistan unite to fight drugs

Bangladesh and Pakistan unite to fight drugs

9h | TBS Today
Case Study of Milestone Tragedy

Case Study of Milestone Tragedy

10h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net