Governor of Bangladesh Bank Dr. Atiur Rahman said that he would pull back inflation to single digit by managing revenue and monetary policies.  He was addressing as the chief guest of a meeting on ‘promoting banking excellence and integrity at the branch level’ held at hotel Agrabad in the port city on Sunday.

The meeting was organized jointly by department of off-site supervision, head office, Dhaka and Bangladesh Bank, Chittagong branch. Dr. Atiur said that the implementation of conservative monetary approach policy incorporated in the new monetary policy which would play a vital role in pulling back the inflation. The governor claimed that the market of foreign currency has been quite stable now.

The governor said the central bank has been working hard in supervising the banks at branch levels to maintain the stability in the banking and financial sector of the country. In a bid to improving the supervision activities the central bank has organized the first town hall meeting in Chittagong, out side of the capital, and more meeting will be organized in other parts of the country, he added.    

The banking sector around the globe has been going through a transition period and new risks and problems have been evolving in this sector, Dr. Atiur said, adding that “We have to adopt innovative measures to cope with the new risks and problems.”        

“We must update ourselves as the supervisor of the banking sector of the country to keep pace with the changing trend of the sector worldwide,” Atiur said. He urged the officials of the central bank involved in supervision to be cautious and tactful while auditing the branches and send the inspection report to the head office immediately after the visit as the authority can take prompt action to stop the any irregularities found.  

Chaired by Nowshad Ali Chowdhury, executive director of Bangladesh Bank, the meeting was also addressed by deputy governor Abu Hena Mohammad Razi Hasan and senior consultant Muhammad Allah Malik Kazemi as special guest. Banking Supervisor Advisor of the central bank Glenn Tasky addressed the meeting as a main orator and delivered the main presentation on the banking supervision.

The Independent/Bangladesh/ 19th March 2012