UPDATE 1-Bangladesh limits lavish cars for bank executives


DHAKA, Aug 19 (Reuters) - To stop bank executives from splashing out on luxury cars in one of the world's poorest countries, Bangladesh has placed curbs on the amount banks can spend on automobiles. Bangladesh Bank, the country's central bank, has set a limit of 2.5 million taka ($42,800) for a motor car and 3.5 million taka ($59,921) for a jeep with immediate effect, a senior bank official said on Tuesday. "It has been a matter of concern that scheduled bank executives are not ...

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