Finance Adviser Dr Mirza Azizul Islam Tuesday denied government''s interference into Bangladesh Bank affairs over a plan to impose two directors from bank depositors on the boards of commercial banks, reports UNB.

"The government will not interfere into Bangladesh Bank affairs," he told the reporters following a meeting with a delegation from Bangladesh Association of Banks (BAB), a forum of bank owners, which requested the Adviser not to impose such reform.

Earlier, Bangladesh Bank had instructed private commercial banks to pursue the reform incorporating two directors from among their depositors. "There is no instance of such practice of appointing directors from the depositors elsewhere the world, including South Asia," BAB Chairman Nazrul Islam Majumder said.

He said, "Respective bank boards and Bangladesh Bank are enough to oversee the interest of the depositors." Majumder said they also demanded reduction of corporate income tax on banks'' earnings from the existing 45 percent to 35 percent in the coming budget to help the banks reduce their lending rates.

The central bank has long been pressing the commercial banks to reduce their lending rates to help the economy grow.

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