BB asks banks to set up 60 per cent sub-branches outside municipal corporations, municipal areas

BB asks banks to set up 60 per cent sub-branches outside municipal corporations, municipal areas

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Sector insiders said discipline will be instilled in banking operations and operating costs will be brought down by following the instructions.

Furthermore, directors and influential people force banks to pay high rents on their properties and buildings by setting up branches, sub-branches, or ATM booths. He said that this trend would come down after the BB’s special guideline in this regard.

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