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Article: Bangladesh: Bangladesh's Non-Banking Financial Institutions Asked To Raise Paid Up Capital By 2010.
- Article from:
- TendersInfo
- Article date:
- November 5, 2009
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Byline: babalu03
The central bank of Bangladesh has asked the non-banking financial institutions (NBFIs) to raise their paid up capital minimum $7.23 million (BDT 500 million) by the end of 2010, officials told AHN Media.
"We've taken the latest move to consolidate the capital base of the country's NBFIs in line with the Basel-II framework that would come into effect from 2011," a senior official of the Bangladesh Bank (BB), the country's central bank, told AHN in the capital, Dhaka.
The NBFIs have been asked to meet the required capital by increasing its reserve or issuing rights shares or floating initial public offerings (IPOs). But no NBFI ...