Shaikh Md Wahid-uz-Zaman, Chairman of Janata Bank Limited, presiding over the 10th AGM at the bank head office in the city on Monday. Md Fazlul Haque, Additional Secretary of Bank and Financial Institutions Division, Md Abdus Salam, Managing Director, Kho

The High Court has frozen for three months the results of a written test for the recruitment of 834 senior officers at Janata Bank following allegations of question leaks, reports bdnews24.com

 In the order passed on Monday, judges also asked the state-run bank to refrain from recruiting anyone to the posts for the same period.

Country's commercial banks can now receive repayment cheques against disbursed loans from their clients by maintaining three procedures, under revised rules.

The central bank revised its prudential guidelines for consumer financing and small-enterprise financing by adding a new regulation related to procedures of loan repayment.

Firstly, the banks will have to take authority for debiting money from their clients' accounts as per loan agreement.

Under the second procedural condition, a memorandum of deposit of cheque (MDC) has to be taken from the clients concerned.

Lastly, fully prepared and valid signed postdated cheques have to be taken for each installment by stipulating amount and date as per repayment schedule.

The Bangladesh Bank (BB) has already issued a notification to this effect, asking the chief executive officers (CEOs) and managing directors (MDs) of all scheduled banks to incorporate the new regulation into loan agreements with the clients.

"We've included the new regulation in our guidelines to avoid legal complexity for making repayment against disbursed loans by cheque," a BB senior official told the FE Sunday.

He also said the central bank took the latest measures to protect the interests of both banks and borrowers.

The central bank earlier had imposed a bar on the banks from receiving blank cheques as security from their clients against loan or investment to check fraud and forgery.

Besides, the CEOs and MDs of the banks had been asked not to entertain Non-Magnetic Ink Character Recognition (MICR) cheque as security.

"There is no scope to receive blank cheques as security against disbursed loans," the central banker said while replying to a query.

The BB has issued the new regulation in line with the existing negotiable instrument act.

Mohammad Shamsul Islam has joined NRB Global Bank Limited as Deputy Managing Director on May 18, 2017. Prior to joining NRB Global Bank, Shamsul Islam served AB Bank Limited as Executive Vice Presiden.

 Mohammad Shamsul Islam has a long track of 28 years job experiences in banking arena.

He started his professional banking career back in 1989 with AB Bank Limited as Probationary Officer. Later, he performed in the same bank in different capacity including Branch Manager and Divisional Heads in Head Office level.

 Shamsul Islam was born in Cox’s Bazar in 1963. He obtained his MBA on Banking from University of Dhaka. He is also a Diplomaed Associate of the Institute of Bankers, Bangladesh (DAIBB). Moreover, he attended different banking programs, trainings, seminars and workshops both in home and abroad.

Mohammad Shamsul Islam has joined NRB Global Bank Limited as Deputy Managing Director recently.

Prior to joining NRB Global Bank, Islam was the Executive Vice President of AB Bank Limited, said a press release.

Mohammad Shamsul Islam has a long track of 28 years job experiences in banking arena. Islam has started his professional banking career in 1989 with AB Bank Limited as Probationary Officer.

He served there in different capacity including Branch Manager and Divisional Heads in Head Office level.

He was born in Cox’s Bazar in 1963.

He obtained MBA on Banking from University of Dhaka.

He is also a Diplomaed Associate of the Institute of Bankers, Bangladesh (DAIBB).

He attended different banking programmes, trainings, seminars and workshops both at home and abroad.