All the existing potential sectors and sub-sectors of agriculture should be brought under qualitative and quantitative investments for making the region’s agro-based economy more vibrant.
This was observed at the 401st meeting of the board of directors of Rajshahi Krishi Unnayan Bank (RAKUB) held recently. Services of Rajshahi Krishi Unnayan Bank (RAKUB) should be taken at the doorsteps of the farmers for elevating their living and livelihood condition, the board meeting observed.
The meeting was held at RDRS conference hall in Rangpur on Monday. With board chairman Prof Dr Shah Newaz Ali in the chair, board members--Mofazzal Hossain, Ekram Hossain, Prof Modan Mohan Dey and Prof Obaidur Rahman Pramanik were present at the meeting.
Deputy managing director Abu Hanif Khan, general managers Abdul Khaleque Khan and Habibur Rahman and secretary Emdadul Haque also attended the meeting.
For the sake of sustainable livelihood of the farmers and for bolstering the agro- based economy, the meeting called for increasing the need- based credit flow.
The meeting discussed elaborately on how to make the bank’s operational and commercial activities more dynamic through strengthening the credit support for both farm and non-farm prospective fields.
Terming the farmers as the vital force to boost up the agricultural productions the board expressed its commitment to protect the farmers’ interests as a whole.
The meeting reviewed overall activities of the bank and took some important decisions relating to its operational and administrative matters.
The meeting laid emphasis on intensifying the bank’s activities to supplement the government’s efforts to expand social safety net and ensure poverty reduction and food security, the release added.
IFIC Bank organised a two-day-long training course on ‘Prevention of Money Laundering and Combating Financing of Terrorism’ for the executives and officials of Chittagong division branches of the bank.
SM Abdul Hamid, Deputy Managing Director and Chief Anti-Money Laundering Compliance Officer of IFIC Bank inaugurated the training course that ended on November 16 last.
Bank Asia opened its 80th branch at Sonargaon-Janapath Road at Uttara in Dhaka on Monday.
A Rouf Chowdhury, Chairman of the bank, inaugurated the new branch, said a press release.
AM Nurul Islam and Mohammed Lakiotullah, Vice Chairmen, Md Safwan Chowdhury, Chairman of Executive Committee, Shah Md Nurul Alam, Chairman of Board Audit Committee, Md Mehmood Husain, President & Managing Director of the bank, attended the function.
Rejaul Karim Byron
Prime Minister Sheikh Hasina yesterday approved the separate pay scale for employees of Bangladesh Bank and the four state-owned commercial banks.
The premier also increased the basic salaries for the employees of Bangladesh Bank, Sonali, Agrani, Janata and Rupali banks as opposed to the recommendation made by a government panel.
Under the new 11-grade pay scale, which will replace the existing 20-grade pay structure, the basic salary for those in the lowest grade will be Tk 6,000 and Tk 55,000 for the highest.
The Finance Division might issue an order next week to this effect, Finance Minister AMA Muhith told The Daily Star after a meeting of the cabinet division at the secretariat in Dhaka.
The approval separated the pay scale of the central bank and the state-run commercial banks from the national pay scale, which Bangladesh Bank Governor Atiur Rahman has termed as an achievement.
He would take the issue to the central bank’s board after the government issues an order.
The government committee led by Cabinet Secretary Musharraf Hossain Bhuiyan submitted the proposal for a separate pay scale to the prime minister a few days ago.
Despite the latest pay hike, employees would continue enjoying the existing benefits as per bank rules, a finance ministry official said.
The pay hike came in order to recruit and retain meritorious bankers as the pay scale in the central bank and state-controlled commercial banks are lower than in the private banks. As a result, the state banks struggle to recruit and retain meritorious and efficient officials, said a member of the committee earlier.
He said 50 percent of the newly recruited officers would stay on with the state banks when the new pay scale comes into effect.
Earlier, the Banking Division had recommended the basic salary for those in the highest grade at Tk 52,000 and Tk 5,000 for the lowest grades.
In the existing 20-grade scale, the highest basic salary is Tk 33,500 and the lowest is Tk 4,100. The state banks and the central bank will have the same pay scale.
The managing directors and deputy managing directors of the state banks, who are appointed on a contractual basis, will not be included in the new pay scale.
However, the committee could not finalise the salaries for the BB governor and deputy governors. It will be decided later, said the official.
News:Thy Daily Star/16-Nov-2013
Taka became weaker against UK pound and Euro while it remained unchanged against US dollar in the inter-bank money market on Thursday. UK pound was traded between Tk 121.80 and Tk 124.70 on Thursday against Tk 120.60 and Tk 123.50 on Wednesday last. Euro was traded between Tk 101.80 and Tk 105.60 on Thursday against Tk 101.60 and Tk 105.40 on the previous day. The US dollar was traded between Tk 79.10 and Tk 80.10 on the same day.