The first Managers Conference 2015 participated by all Managers of Mymensingh Region of Pubali Bank Limited was held recently to motivate them to increase Bank’s business by rendering better services, reports in a press release. Md. Abdul Halim Chowdhury, Managing Director of Pubali Bank Ltd. graced the conference as Chief Guest. Deputy Managing Director Safiul Alam Khan Chowdhury and Chief Financial Officer & General Manager Sayeed Ahmed FCA were present as Special Guests. DGM and RM of Mymensingh region Jagot Chandra Saha presided over the conference.
In his speech Chief Guest Md. Abdul Halim Chowdhury emphasized on expansion of foreign remittance business through better customer & modern banking service. He also advised all to work hard, look for new business avenues and adopt diversification and to take concerted efforts for achieving the target fixed for the year 2015.Managing Director Md. Abdul Halim Chowdhury stressed on selection of potential borrower and try to enhance bank business. He emphasised on recovery of overdue, classified and writes off loan on priority basis. He advised branch managers to keep close vigilence so that newly disbursed loans may not become overdue or classified by intensive supervision and close monitoring of the loan.
In his speech Safiul Alam Khan Chowdhury advised all to work hard to increase remittance rendering best customer services. He underscored the need for increased utilization of the modern Information Techninlogy for qualitative improvement in the overall customer service of Pubali Bank Limited as the bank has to operate in a highly competitive Banking sector.
Performance of the branches also evaluated in the meeting and necessary strategy and plans were taken to achieve the target fixed for the year 2015.

National Bank  Training Institute has recently conducted a week long training course titled ‘Managers Induction Course’ for newly posted branch managers and for the executives and officers, who have the potentialities for becoming branch managers, issued in a press release. Shamsul Huda Khan, Managing Director and CEO of National Bank Limited was present in the closing ceremony of the course as the chief guest and distributed certificates among the participants. A total number of 38 executives and officers of different grades of the bank attended the course as participants.

Jahangir Bin Hamid, Senior Vice President and Head of Human Resources Division of the bank, Md. Majibur Rahman, Principal of the Training Institute, Hari Narayan Das and Farzana Haque, Sr. Faculties were present among others at the inaugural and closing ceremony.

Bangladesh Bank (BB) Chief Economist Biru Paksha Paul at a seminar yesterday opined to reduce the rate of interest of savings bond to boost up loan flow in private sector, reports BSS.
“The average rate of interest for BB’s loan is 15 per cent, which is hampering the desired investment, but if the rate of interest is reduced, the investment would be boosted,” said the BB chief economist while presenting a keynote paper at the seminar.

He also said “The central bank has to be given full regulatory authority to control the rate of interest for making the monetary policy effective, which would also help the BB to cut the interest rate”.
Board of Investment (BoI) organised the seminar on the State of the Economy in city’s Dhaka Reporters’ Unity.
Biru Paksha Paul said controlling inflation as one of the major tasks, and the BB is doing the job well in last few years but “the existing rate of interest is barring the investment”.
Criticizing the existing rate of interest, he said the BB has forwarded its recommendation to the government to reduce it.
The BB chief economist hoped the GDP would be 7 per cent and poverty line would come below 10 per cent after the implementation of the ongoing mega projects in infrastructure and power sectors.
Director of Dhaka Mass Rapid Transit Project Mohammad Nurul Ameen and BIDS Senior Research Fellow Dr Naznin Ahmed also spoke on the occasion with BoI Chairman Dr S A Samad in the chair.
Speaking on the occasion as chief guest, Energy Adviser to the Prime Minister Towfiq-e-Elahi Chowdhury also opted for the reduction of the rate of interest to heighten investment.
Apart from the rate of interest, he emphasised ensuring uninterrupted power and gas connection along with 
infrastructural facilities.
“The present government has already developed the infrastructural facilities significantly and now 70 per cent population of the country is getting power connection which was 45 per cent in 2009,” added the adviser.

Md Abdul Hamid Miah, managing director of Union Bank Ltd, and Sayeeful Islam, managing director of SSL Wireless (Software Shop Limited), exchange documents after signing an agreement on offering SMS banking service to the customers of the bank in the city Sunday.

He visits Plummy Fashions at Fatullah

Bangladesh Bank Governor Dr Atiur Rahman seen visiting the factory of Plummy Fashions, the first green knit garments unit in the country, at Fatullah in Narayanganj on Saturday.

Bangladesh Bank (BB) Governor Dr. Atiur Rahman has asked the commercial banks and non-banking financial institutions (NBFIs) for taking necessary measures to invest in green industries to protect environment. “All the chief executive officers (CEOs) of banks and NBFIs will have to look for potential entrepreneurs for building socio-economic and green industries through proper financing not only from BB’s refinancing facility but also from their own sources,” the central bank chief said while visiting Plummy Fashions, the first green knit garments factory at Fatullah in Narayanganj on Saturday. Mentioning the Rana Plaza disaster, BB Governor said: “We need to be determined and united to keep our commitments ensuring that no industry building will be there that will not comply with building code and no single industry building will be constructed without environmental and social risk assessment.” “So let’s contribute effectively from our own status to building more and more green industries. The more green the country’s apparels would be, the more value it could add to export earnings,” the governor noted. He also said the central bank has been contributing to green banking for the last half a decade. Some 47 green products in 10 categories have been introduced since 2009. “Many products, such as solar panel, activated ETP, solid and other liquid waste management, working condition in factories and above all, green component installation, inclusion, adjustments or extension according to LEED’s design have been considered for establishing Plummy Fashion as a green factory,” Dr. Rahman explained. Mentionable, Plummy Fashions Limited has been set up in an area of 5.5 acres of land with environment-friendly building and 50 percent green open space. It has taken only 12 months to complete the major part of the construction. With a project cost worth Tk 600 million, it gets green-refinance support from the central bank of Bangladesh. Situated in Norshingpur area of Kashipur union in Narayanganj, the factory is now getting ready for operation. The main production building, made in pre-fabricated steel, is only two-storied and has 10 exit points in case of emergency. It is fully air-conditioned to provide comfort to the workers.