<div><span style="font-size: 1rem;">Bangladesh Bank (BB) has tightened the rules for banks' car purchase for avoiding high-value expenses and purchases of luxurious cars with a view to cutting operating expenses.</span><br></div><div><br></div><div>"Banks would be able to replace cars and other vehicles used by their chairmen and chief executive officers and the lenders if they are at least eight years old," said a BB circular issued today.</div><div><br></div><div>In 2019, the Bangladesh Bank allowed banks to replace their cars and other vehicles dedicated to their chairmen and CEOs with new ones after they age at least five years.</div><div><br></div><div>Now, the vehicles would have to be at least eight years old, said the BB in a notice today. - BBS</div><div><br></div><div>bnbd24/fas</div>