In the last 10 years, 10 major scandals of the bank sector have been plundered with 22.52 billion taka These scandals occurred mainly in the government bank. The Sonali Bank started with the Hall-Mark Group but the most scandal happened in Janata Bank There is also the irregularities of the Basic and Farmers banks - corruption cases.
The research agency has published information on the Center for Policy Dialogue (CPD). In a dialogue held with the information, former caretaker government adviser, eminent economist Wahiduddin Mahmud, said that the political leaders should save the banking sector from irregularities and looting. The banking sector is not used for political and economic benefits. And those who come to power in the future, they should not choose the bank sector as a loot.
On Saturday, organized by CPD, this dialogue titled 'What will we do about the Bank of Bangladesh' is held in a local hotel. CPD Executive Director Fahmida Khatun presented the keynote paper. The country's leading economist, former Bangladesh Bank's former and current banker and former government officials took part in the dialogue. They discussed the overall situation of the country's banking sector including risks, risks and solutions. The dialogue was chaired by CPD Special Fellow Debapriya Bhattacharya.
10 scandals in 10 years
In the original article, Fahmida Khatun said, in last 10 years Antex, Crescent and Thermax Group together 11/330 crore from Janata Bank. The basic bank has gone out of 4 billion taka. Hall-Mark has taken Tk 3,57 billion from Sonali Bank Bismillah Group has taken Tk 1,174 crore Apart from this, the Bangladesh Bank has lost 679 crores through reserve theft. The new generation of NRB Commercial and Firms Bank has been withdrawn from Tk 1,101 crore. Taka 165 crore has been trafficked from AB Bank
The CPD has also shown an image of what can be done with the 22 million 502 million rupees depreciated in the 10 major scandals of the bank sector. It has been said that 64 percent of Padma bridge construction or 64 percent of Padma bridge project could be used with this money. Again, it was possible to provide about 41 percent of the construction of Sonadia deep seaport.
The bank is in the most delicate position
Salahuddin Ahmed, former governor of the Bangladesh Bank, special guest on the occasion said, "There is no accountability in the bank sector. Problems like governmental problems like infectious diseases are spreading to private banks. It's a matter of big concern. Bank of Bangladesh, board of directors and supervision arrangements have become turbulent. It will be difficult to overcome when the bank is destroyed. There is a great lack of good governance. Those who kill the money, nothing is going to happen. '
Salehuddin Ahmed said, Bangladesh Bank should not be allowed to sit with the power, it will be known to apply. But if there is no political will, it is difficult to work with the Bangladesh Bank. Need independent commission to solve the problem of bank sector.
Khandaker Ibrahim Khaled, the former deputy governor of Bangladesh Bank, Honor Guest of Dialogue, said that the banking sector, which is the most vulnerable situation in this period, is constantly getting worse. Depositors provided 90 percent of the bank's money. There is no one in the bank to visit them. The responsibility of central bank is to take care of the safety of the depositors. But Bangladesh Bank is unable to perform this duties. The interest of the general depositors is hampering the rich owners.
Khondakar Ibrahim Khaled also said, interest depends on market, depending on interest. But due to the prime minister, the Chairman of the Bank Owners' Association fixed interest rates. It was said that the MDDs will not leave the job. What are these signs? The bankers are being handed over to the looters by removing the gentlemen from the bank? His suggestion is that it needs to be presented to the Parliament in the study of the banking sector. The Bangladesh Bank governor should be appointed from the Jatiya Sangsad. Then the board of directors of the bank will not be the zamindar.
23 banks at risk due to three
Wahiduddin Mahmud said about the legality of the nomination of the defaulters in the national election, while participating in the discussion, the promising candidates are given the opportunity to pay some part of the old loan by creating new loans from the bank. Thus, the defaulting loan is being re-scheduled. The whole thing has been very ridiculous. He also said that the owners of any bank can buy the shares from the market. But due to lack of control structure, a business group exclusively took control of many banks. Do not repeat the same mistake of occupying the entire economy in the hands of some traders.
According to these economists, for some years the banking industry has been under development instead of development. But the economy is moving through this sector. First of all, the question arises among the depositors- if you put money in a bank, it will be safe. Politically influential people got irresponsible credit even after getting the loan
World Bank's chief economist Zahid Hossain said, "If 3 out of ten big borrowers are in danger, 23 banks will be in risk." The reform of this sector should not have started since yesterday, not today. Regulatory agencies, bankers and big borrowers - have to give this cycle. Unprecedented banks are being financed by the risky banks. The owners have been given the opportunity to stay nine years instead of six years. Depositors are at risk.
Pointing to the central bank, Zahid Hossain further said that regulators are being controlled overall, it will increase further in the future. We're on the wrong track now. If you do not give freedom to those who control the banking sector, or if they do not increase their capacity, then books will be of no benefit to you. After all, political will need to be done to fix the banking sector.
Economists Abu Ahmed said this was a business of one-class business looted by the bank.
There was a powerful person in Fermers Bank
Firms Bank Managing Director Ehsan Khasru said in the dialogue: "If there was no reconstruction of the Firms Bank, the failure of 1.5 lakh depositors would have come down." There were disasters in eight new banks. The bank's corruption begins from the board. Nobody can work independently at the management level. We are forced to deal with them (the board of directors) because of the fear of socializing, the fear of going to work. '
Regarding the delayed role of the Central Bank to prevent the irregularities of Firms Bank, Ehsan Khasru said, Powerful people were sitting in the bank of Fermers Bank than Bangladesh Bank. He was also in the government's financial accounts committee. In context, Chairman of the Standing Committee on Public Accounts, Mohiuddin Khan Alamgir was the Chairman of Firms Bank.
The recommendation of Eastern Bank MD Ali Reza Iftekhar is that there is no need to establish an independent bank commission. Needed to work independently. There are some failures in the banking sector, but the number of successes is more.
'If anything happens to the bankers' fault. Bankers do not look good anymore. The questions are to be read in. However, in the case of a loan, the passport was seized in Nepal. Who controls what's in the financial sector of Bangladesh-it's all messy. That is the big crisis' - NCC and Meghna Bank's former MD Nurul Amin talk about the banking sector.
But NRB Global Bank chairman Nizam Chowdhury said, "As a nation, we just criticize. In the last 10 years, there was no money laundered by state patronage. The banking sector is moving forward.
Owners think that the managers are
Former chairman of National Board of Revenue (NBR) Mohammad Abdul Majid thinks that if the role of the regulatory body is correct, there would be no such scandal in the bank sector.
Director of Bangladesh Institute of Bank Management Shah Md. Ahsan Habib said, the rate of inflation in Bangladesh is increasing, it is a matter of concern. And Bangladesh Bank does not have the full control of the government bank.
Former Finance Secretary Siddiqur Rahman said that the decision will be made on behalf of the head of the government whether the loan can be recovered or not.
MCCI's former vice-president Kamran Tea Rahman said, "Owners feel that the bank's directors will not be able to do so." They believe that people keep money in the bank, they do not think so.
BNP executive committee member and young businessman Tavith Awal said that special announcements should be made in the manifesto of political parties regarding elections, loan defaulters. Nobody should be nominated for not paying the bank loan. If the BNP nominate someone, the civil society can show it.
Recommendation for the creation of the citizen commission
CPD Special Fellow Debapriya Bhattacharya said that although the government initiative is not taken, CPD will make a citizen commission with the bank sector after the next election. That commission will present a transparent picture of the bank sector. Why this situation in the bank sector will recover. Then find the way to the solution. The banking sector is the heart of the economy. This heart has to be kept active.
Debapriya Bhattacharya said, in front of the national elections political parties will have to say in the manifesto, the bank will not interfere in the political sector. The rules and regulations will be necessary for this. The bank will have to be rescued from political interference.
Economists Abu Ahmed said this was a business of one-class business looted by the bank.
There was a powerful person in Fermers Bank
Firms Bank Managing Director Ehsan Khasru said in the dialogue: "If there was no reconstruction of the Firms Bank, the failure of 1.5 lakh depositors would have come down." There were disasters in eight new banks. The bank's corruption begins from the board. Nobody can work independently at the management level. We are forced to deal with them (the board of directors) because of the fear of socializing, the fear of going to work. '
Regarding the delayed role of the Central Bank to prevent the irregularities of Firms Bank, Ehsan Khasru said, Powerful people were sitting in the bank of Fermers Bank than Bangladesh Bank. He was also in the government's financial accounts committee. In context, Chairman of the Standing Committee on Public Accounts, Mohiuddin Khan Alamgir was the Chairman of Firms Bank.
The recommendation of Eastern Bank MD Ali Reza Iftekhar is that there is no need to establish an independent bank commission. Needed to work independently. There are some failures in the banking sector, but the number of successes is more.
'If anything happens to the bankers' fault. Bankers do not look good anymore. The questions are to be read in. However, in the case of a loan, the passport was seized in Nepal. Who controls what's in the financial sector of Bangladesh-it's all messy. That is the big crisis' - NCC and Meghna Bank's former MD Nurul Amin talk about the banking sector.
But NRB Global Bank chairman Nizam Chowdhury said, "As a nation, we just criticize. In the last 10 years, there was no money laundered by state patronage. The banking sector is moving forward.
Owners think that the managers are
Former chairman of National Board of Revenue (NBR) Mohammad Abdul Majid thinks that if the role of the regulatory body is correct, there would be no such scandal in the bank sector.
Director of Bangladesh Institute of Bank Management Shah Md. Ahsan Habib said, the rate of inflation in Bangladesh is increasing, it is a matter of concern. And Bangladesh Bank does not have the full control of the government bank.
Former Finance Secretary Siddiqur Rahman said that the decision will be made on behalf of the head of the government whether the loan can be recovered or not.
MCCI's former vice-president Kamran Tea Rahman said, "Owners feel that the bank's directors will not be able to do so." They believe that people keep money in the bank, they do not think so.
BNP executive committee member and young businessman Tavith Awal said that special announcements should be made in the manifesto of political parties regarding elections, loan defaulters. Nobody should be nominated for not paying the bank loan. If the BNP nominate someone, the civil society can show it.
Recommendation for the creation of the citizen commission
CPD Special Fellow Debapriya Bhattacharya said that although the government initiative is not taken, CPD will make a citizen commission with the bank sector after the next election. That commission will present a transparent picture of the bank sector. Why this situation in the bank sector will recover. Then find the way to the solution. The banking sector is the heart of the economy. This heart has to be kept active.
Debapriya Bhattacharya said, in front of the national elections political parties will have to say in the manifesto, the bank will not interfere in the political sector. The rules and regulations will be necessary for this. The bank will have to be rescued from political interference.
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