UNB, Dhaka :
Bangladesh Bank will take next course of action on the basis of the reports of its observer appointed for the National Bank Limited, one of the oldest and large private sector banks in the country.
“The central bank will wait for its observer’s report about the NBL. On the basis of his report, next step will be taken,” Bangladesh Bank spokesman and its general manager Mahfuzur Rahman told UNB on Thursday.
Earlier, Bangladesh Bank on Wednesday appointed its Forex Reserve and Treasury Management Department general manager Kazi Saidur Rahman as an observer at the NBL board following some irregularities in
the loan disbursement at the bank’s Gulshan and Nimtali branch in the capital. The appointment of the observer at the NBL board was made through a letter issued by the Bangladesh Bank’s Offsite Supervision Department on Wednesday.
The BB spokesman also informed that the NBL has been given some instructions to take punitive measures against those involved in the irregularities. “Now the central bank will watch how they follow the instructions and what actions are taken,” he said. The spokesman said that the central bank observer will sit in the board meeting of the NBL and then report to the Bangladesh Bank about his observation.
The central bank appointed the observer at the NBL as per the Article 49 of the Bank Companies Act which is normally applied to restrain the deterioration of the management condition of a bank.
The BB order said Kazi Saidur Rahman will perform his duty as an observer in the NBL board until further order. The BB letter has directed the NBL authorities to send the agenda of the NBL board meeting to Kazi Saidur Rahman at least three working days before the meeting.
NBL managing director Shafiqur Rahman resigned after the alleged irregularities in the bank’s two city branches were unearthed by the Bangladesh Bank authorities.
Bangladesh Bank will take next course of action on the basis of the reports of its observer appointed for the National Bank Limited, one of the oldest and large private sector banks in the country.
“The central bank will wait for its observer’s report about the NBL. On the basis of his report, next step will be taken,” Bangladesh Bank spokesman and its general manager Mahfuzur Rahman told UNB on Thursday.
Earlier, Bangladesh Bank on Wednesday appointed its Forex Reserve and Treasury Management Department general manager Kazi Saidur Rahman as an observer at the NBL board following some irregularities in
the loan disbursement at the bank’s Gulshan and Nimtali branch in the capital. The appointment of the observer at the NBL board was made through a letter issued by the Bangladesh Bank’s Offsite Supervision Department on Wednesday.
The BB spokesman also informed that the NBL has been given some instructions to take punitive measures against those involved in the irregularities. “Now the central bank will watch how they follow the instructions and what actions are taken,” he said. The spokesman said that the central bank observer will sit in the board meeting of the NBL and then report to the Bangladesh Bank about his observation.
The central bank appointed the observer at the NBL as per the Article 49 of the Bank Companies Act which is normally applied to restrain the deterioration of the management condition of a bank.
The BB order said Kazi Saidur Rahman will perform his duty as an observer in the NBL board until further order. The BB letter has directed the NBL authorities to send the agenda of the NBL board meeting to Kazi Saidur Rahman at least three working days before the meeting.
NBL managing director Shafiqur Rahman resigned after the alleged irregularities in the bank’s two city branches were unearthed by the Bangladesh Bank authorities.
