bdnews24.com :
Bangladesh’s initiative to alleviate poverty through ‘Palli Sanchay Bank’, or rural savings bank, has run into trouble because state-run banks are refusing to depute their executives to the specialised bank despite a government order.
The finance ministry’s Bank and Financial Institutions Division wrote to the Sonali, Janata, Agrani, and Krishi banks on July 14, asking them to send their employees to join the bank.
It asked each bank to send nine executives to ‘Palli Sanchay Bank’ including a general manager, a deputy general manager, two assistant general managers, a system analyst, a programmer and an assistant system engineer.
The government had set a July 30 deadline for the banks to inform it about who would be deputed to the specialised bank.
A second letter was issued to the banks’ managing directors on Aug 11, ordering them to send their officials to ‘Palli Sanchay Bank’. A bank MD pointed out that the bank had staff shortage and none of the employees were willing to join the new bank.
“We informed our officials after getting the finance ministry letter but none showed interest, making it impossible for us to reply to the letter,” the official told bdnews24.com but declined to be named.
Set up to facilitate financial activities of the participants of ‘One House, One Farm’ project in rural areas, the specialised bank is yet to start operations, a year after Parliament passed a Bill.
Former rural development and cooperatives secretary Mihir Kanti Majumder is the bank’s managing director.
A small manpower unit is currently overseeing the ‘One House, One Farm’ project which will end next June.
Bangladesh’s initiative to alleviate poverty through ‘Palli Sanchay Bank’, or rural savings bank, has run into trouble because state-run banks are refusing to depute their executives to the specialised bank despite a government order.
The finance ministry’s Bank and Financial Institutions Division wrote to the Sonali, Janata, Agrani, and Krishi banks on July 14, asking them to send their employees to join the bank.
It asked each bank to send nine executives to ‘Palli Sanchay Bank’ including a general manager, a deputy general manager, two assistant general managers, a system analyst, a programmer and an assistant system engineer.
The government had set a July 30 deadline for the banks to inform it about who would be deputed to the specialised bank.
A second letter was issued to the banks’ managing directors on Aug 11, ordering them to send their officials to ‘Palli Sanchay Bank’. A bank MD pointed out that the bank had staff shortage and none of the employees were willing to join the new bank.
“We informed our officials after getting the finance ministry letter but none showed interest, making it impossible for us to reply to the letter,” the official told bdnews24.com but declined to be named.
Set up to facilitate financial activities of the participants of ‘One House, One Farm’ project in rural areas, the specialised bank is yet to start operations, a year after Parliament passed a Bill.
Former rural development and cooperatives secretary Mihir Kanti Majumder is the bank’s managing director.
A small manpower unit is currently overseeing the ‘One House, One Farm’ project which will end next June.
