Bangladesh curbs car purchases for bank executives

Newswire

DHAKA, Aug 19 (Reuters) - The central bank of Bangladesh has put restrictions on the purchase of cars for top executives of the country's 42 banks, as part of reforms of the financial sector. "The limit has been set at maximum 2.5 million taka for a motor car and 3.5 million taka for a jeep with immediate effect," a senior central bank official said on Tuesday. These sums translate to $42,800 and $59,921 respectively. "It has been a matter of concern that scheduled bank executives are ...

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