RAKUB approves new monthly savings schemeEnsuring transparency, accountability in banking stressed

Posted by BankInfo on Sun, May 27 2012 07:42 am

In order to increase its deposit figure along with liquidity, Rajshahi Krishi Unnayan Bank (RAKUB) has approved a new monthly savings scheme.

The approval was given in the 381st Meeting of the Board of Directors of the Bank held at its headquarters with Chairman Prof Dr Shah Nawaj Ali in the chair here today.

Managing Director of the Bank Pradip Qumar Dutta, Directors Abdul Mannan, Dr Rustam Ali Ahmed and Indu Bikash Mondal attended the meeting.

The meeting reviewed overall activities of the Bank and took some important decisions relating to its commercial and administrative matters.

It stressed the need for ensuring transparency and accountability side by side with farmer-friendly banking services for the sake of making the Bank more proactive.

In addition, the Bank should expedite its consumer services for increasing qualitative and quantitative credit flow to potential fields for boosting agricultural output.

General Manager (Operation) Habibur Rahman, General Manager (Audit, Accounts and Recovery) Nishit Qumar Saha and General Manager (Rajshahi division) Abdul Khaleque Khan and Council- Secretary Abu Bakar Siddiqui were also present.

The meeting discussed 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.

So, the pro-farmers banking in the specialized Bank must be ensured for cherished development of the region after the optimum use of its existing natural resources.

The meeting emphasised on intensifying the Bank’s activities.

They also discussed to supplement the government’s effort to expand social safety net and ensure poverty reduction and food security.

The Daily Sun/ Bangladesh/ 27-May-2012

Posted in Banking, News, New Product