Bangladesh Bank in its tomorrow’s board meeting may give final approval to proposed Modhumati Bank, said officials of the central bank.

A BB official told New Age on Monday that the central bank is almost done with the scrutiny of Modhumati Bank’s proposal and the issue would be placed in the BB board meeting on Wednesday.  

Prime minister Sheikh Hasina’s nephew Fazle Noor Taposh is the key sponsor of the bank while its chairman and managing director are Humayon Kobir and Mizanur Rahman respectively. 

‘The managing director of the proposed Modhumati Bank will present their future business plan before the central bank board. The board may give their no objection certificate to the proposed bank if the central bank’s directors are satisfied with the plan,’ he said.

 
The proposed Modhumati Bank and NRB Global Bank failed to submit the application and bank draft worth Tk 400 crore as paid-up capital to the BB in time although the other proposed seven banks submitted them within October 16, 2012.

Under the circumstances,
the BB board extended the time for the sponsors of two proposed banks to submit related documents and bank drafts

. 
The new deadline for Modhumati Bank was set on December 31, 2012 while it was March 31, 2013 for NRB Global Bank.

The two proposed banks were able to submit applications and paid-up capital within the new deadline set by the BB, the central bank official said.

‘The BB has already started the scrutiny of the NRB Global Bank proposal. The procedure will be completed as early as possible,’ he said.

The BB had earlier gave its final approval to seven banks for getting licences to launch their banking operation and four among them — South Bangla Agriculture and Commerce Bank, NRB Commercial Bank,

Union Bank and Meghna Bank — have already been enlisted as scheduled banks by the central bank.

The central bank in April 2012 issued letters of intent to the sponsors of nine proposed banks, including three banks to be set up by non-resident Bangladeshis.

The sponsors of the proposed banks are either from ruling party-led alliance or businessmen backed by the ruling party.

Md Ehsan Khasru, Managing Director and CEO of Prime Bank, EVP J H Shahedi, Head of HR, and Kamruzzaman Khairul Kabir, Head of HR-TDC & VP, seen along with participants of a workshop in Dhaka recently.

Prime Bank Limited concluded the 63rd foundation training course for management trainees at the bank’s HR Training and Development Center in Dhaka recently.

Md Ehsan Khasru, Managing Director and CEO of the bank, attended the function as chief guest, said a press release.

EVP J H Shahedi, Head of HR, and Kamruzzaman Khairul Kabir, Head of HR-TDC and VP, attended the function as special guest.

Alhaj Mohammad Hasan, Chairman of the EC of Shahjalal Islami Bank Limited presides over the 525th EC meeting in Dhaka recently.

The 525th Executive Committee meeting of the Shahjalal Islami Bank Limited (SJIBL) was held at the head office of the bank recently.

Alhaj Mohammad Hasan, Chairman of the EC of the bank presided over the meeting, said a press release.

The meeting discussed various issues relating to investment in different sectors. Akkas Uddin Mollah, Engineer Md. Towhidur Rahman, Mohammed Solaiman, Tofazzal Hossain, Directors, Md. Abdur Rahman Sarker, Managing Director, Md. Abdul Jabber Chowdhury and Md. Setaur Rahman, Deputy Managing Directors were present in the meeting.

Standard Bank Limited donated cash to the tornado-hit people of Brahmanbaria on Friday last.

Ferozur Rahman, former vice chairman and Director of the bank and Md. Nazmus Salehin, Additional Managing Director of the bank handed over the donations as part of the bank’s CSR, said a press release.

The donations was Tk 10,000 to the survivors of each of the deceased families and Tk 5,000 to the affected families.

Rabiul Muktadir Chowdhury, local MP, Md. Abul Hossain, DMD, AFM Nizamul Islam Chowdhury, DMD and Group Company Secretary, Md. Nazrul Islam, EVP and In-Charge of HRD, among others, were present on the occasion.

The bank also extended multimodal donations since inception under its Corporate Social Responsibility (CSR) programme.

Kanak Kumar Purkayastha, DMD, BASIC Bank Limited, M. Kamran Hamid, Principal of the bank's training institute, seen along with the participants of a month-long 17th foundation training course in Dhaka Saturday.

BASIC Bank organised a month-long 17th foundation training course for its officials at the bank's training institute in Dhaka Saturday.

Kanak Kumar Purkay- astha, Deputy Managing Director (DMD) of the bank inaugurated the training course, said a press release.

Principal of the training institute and Deputy General Manager of BASIC Bank M. Kamran Hamid and Vice-Principal of the institute Asoke Bandhu Das attended the inaugural function, among others.