The technical committee on opening new private banks will soon start collecting information of the applicants to know their eligibility to run financial institutions, a Bangladesh Bank source said yesterday.

The source said the committee, which was formed to scrutinize the applications for opening new banks, has already completed primary examinations.

The technical committee would send applications to the central bank’s evaluation committee after examining in detail.

Then the evaluation committee will take final decision to allow opening banks, according to the source.

In October last year, the BB invited applications from private sector entrepreneurs for opening new banks.

The central bank received 37 applications by Novem-ber 30.

The Daily Sun/Bangladesh/ 1st March 2012