Banking
PBL organises orientation for junior officers
Helal Ahmed Chowdhury, Managing Director of Pubali Bank Limited, speaks at the orientation course at the Pubali Bank Training Institute in Dhaka recently.
Pubali Bank Limited organised an orientation programme for its newly-recruited 273 junior officers (cash) at the Pubali Bank Training Institute in Dhaka recently.
The main objective of the course was to familiarise the participants with the concepts, principles, rules, regulations, laws and practices of bank, said a press release on Tuesday.
Managing Director of Pubali Bank Limited Helal Ahmed Chowdhury inaugurated the ceremony as a chief guest while Additional Managing Director MA Halim Chowdhury was present as special guest.
In his inaugural speech, Helal Ahmed Chowdhury urged everyone to work sincerely and honestly and advised them to equip themselves with diversified banking knowledge to cope with present competitive global market.
He also said that one could become successful banker by exploring skills and talents at the highest level through applying themselves properly.
Additional Managing Director MA Halim Chowdhury also delivered speech at the function. He advised them to render service to the customer with determination, integrity and professionalism.
Janata Bank anomalies cause revenue loss of Tk110m
The government lost a revenue of Tk110m at the state-owned Janata Bank because of various irregularities in the years 2010 and 2011, said an audit report made by the Comptroller and Auditor General (CAG).
The irregularities included cash assistance despite export bills unsettled, making less deposit to the public fund from income tax at source on LC commission earnings, payment of income tax on employees’ salaries and allowances from the bank fund without approval of the finance ministry and not collection of Vat from PAD or acceptance commission.
HS Fashion, a client of the bank’s Dilkusha branch, failed in its export business, which created a demand loan of Tk175m from the bank.
According to the report, the client was supposed to pay export bills of Tk11.3m to the Naranyanganj corporate branch of Sonali Bank and settle export bills of Tk3.26m by 20 January 2008. But it didn’t pay and settle those bills. Despite it, the Dilkusha branch of Janata Bank provided cash assistance of nearly Tk18m to HS Fashion.
Due to this forgery by the exporter and branch authorities, the government lost a revenue of Tk18m.
If a client do not settle export bills within two years, he will not be allowed to receive assistance, according to a Bangladesh Bank circular.
But Jananta Bank violated this central bank instruction providing cash assistance to HS Fashion.
The income and expenditure statements of different corporate branches of Janata Bank said the local offices earned a total Tk1.03bn as LC commission.
Of that income, an amount of Tk52m was eligible to be deposited to the government exchequer. But the local offices of the bank deposited Tk34m as income tax, leading the government lose a revenue of another Tk18m.
Similarly, the bank’s Shekh Mujib Road corporate branch of Chittagong earned Tk104m from LC commission, of which, Tk5.2m was eligible to be deposited to the government exchequer as per 5% income tax at source. But the bank deposited Tk4.9m.
The audit report said the bank had paid income tax on staff salaries and allowances of nearly Tk60m from the bank fund without approval of finance ministry during the fiscal year 2010-2011.
Besides, the government lost a revenue of Tk8.2m because of not collecting value added tax from acceptance commission.
Income and Expenditure statements of corporate branches of Janata Bank showed the earnings from PAD commission was Tk44.7m in 2010 and Tk10.3m in 2011.
But during the years they did not collect 15% Vat which stood at Tk8.2m on the total income of Tk55m as per value addition service code 56.00 of the National Board of Revenue.
News:Dhaka Tribune Bangladesh/11-2013Gazi Tank, Prime Bank win easy
DHAKA, Sept 10: Rubel Hossain and Nafees Iqbal ignited the opening day of the Walton Dhaka Premier Division cricket League albeit the latter’
s scintillating 150 went in vain. Paceman Rubel Hossain’s six-wicket haul guided favourites Gazi Tank Cricketers script a facile eight-wicket victory over Khelaghar Samaj Kallyan Samity at Shaheed Chandu Stadium in Bogra on Tuesday.
Nafees Iqbal on the other hand though played an unbeaten 150-run knock with cramped leg, failed to secure victory for Brothers Union as runners-up Prime Bank snatched a 79-run win at Shaheed Kamruzzaman Stadium in Rajshahi.
The match between Victoria Sporting Club and Kalabagan Cricket Academy was pushed to Wednesday (reserve day) as the persistent drizzle forced to call off the match on Tuesday at BKSP.
Gazi Tank vs Khelaghar
Dhaka League was not that much used to see a paceman rule the rooster since the wicket hardly favoured them. There were no big names in Khelaghar which went in favour of Rubel indeed. His six for 18 determined the course of the game as Khelaghar, opted to bat first, were skittled out for just 133 in 39.4 overs.
Rubel scythed down the top order reducing them 17 for four before Shuvagoto Hom and skipper Faisal Hossain Decense shared 76-run which paved the way for them to propel past 100.
Hom was the highest scorer with 53 while Decense contributed 31.
Gazi Tank faced hiccups losing the opener Roquibul Hasan with the scoreboard reading 16 but thereafter it was a cake-walk for them. Imrul Kayes and Aftab Ahmed,
the man who lost in the lane of memory, put up a 67-run partnership which was broken by the dismissal of Kayes (30). Gazi’s New Zealand recruit Scott Styris and Aftab then completed the comprehensive victory in just 24.2 overs. Aftab 59 off 79 with seven fours and three sixes while Styris remained unbeaten on run-a-ball 30.
Prime Bank vs Brothers
Two centuries marked the high-scoring match but it was Nafees Iqbal who hogged the headline in spite of his side’s big defeat to Prime Bank.
Nafees indeed carried his last year’s Bangladesh Cricket League’s form to indicate he has been in right track. While the big knock eluded him in the BCL, he compensated it brilliantly at the very beginning of the Dhaka League.
Prime Bank amassed a gigantic 334 for nine in the stipulated 50 overs with Sri Lanka recruit Bandara Rajapakse hammering 97 ball-107 smashing nine fours and six sixes.
He put up 165-run along with makeshift opener Ziaur Rahman after Prime lost their first wicket in the fourth ball of the innings. Ziaur smacked 89 off 69 with six fours and seven sixes.
Bandara was also aided by Mahmudul Hasan Limon who scored 54. The trio’s effort however gave them the big score.
An extra effort was needed from national star Tamim Iqbal but the swashbuckling opener fell for just 31 off 21 that made the Brothers plan in disarray.
However his elder brother Nafees Iqbal refused to give in but did not get any proper support from the other end which mattered most in the case of big chase.
The next highest score was Tamim’s 31 which indicted how forlorn was the other batsmen. Nafees’s innings progress was hampered by the hamstring injury after he reached to 110.
He continued through the pain but as the team was on the verge of the defeat with the last wicket pair batting, the team coach asked Nafees to retire. By then he struck 21 fours and a six on his 140 ball-150 that reminded the Nafees of his old.
News:The Independent/11-Sep-2013
IBBL holds function on executive development
Islami Bank Bangladesh Limited organised a programme titled ‘Executive Development’ at Muhammad Younus Auditoriam of the bank in Dhaka on Tuesday.
Mohammad Abdul Mannan, Managing Director of the bank presided over the function, said a press release.
Khandakar Ibrahim Khaled, former deputy governer of Bangladesh Bank and former chairman of Bangladesh Krishi Bank presented keynote paper styled ‘Corporate Governance in Bank’ at the function.
Md Shamsul Haque, Mohammad Abul Bashar, Md. Habibur Rahman Bhuiyan, FCA, AKM Abdul Malek Chowdhury,
Md. Mahbub-ul-Alam, Nurul Islam Khalifa and Rafi Ahmed Begh, Deputy Managing Directors, along with high officials of the bank’s head office, IBTRA and Dhaka City branches participated in the programme.
News:Daily Sun Bangladesh/11-Sep-2013NRB Global Bank opens corporate office at Gulshan
The opening ceremony was held at a hotel in Dhaka where Dr. Dipu Moni, Foreign Minister was present as chief guest, said a press release.
Mohammed Farashuddin, former governor of the Bangladesh Bank was present at the function as special guest.