Kazi Zahidul Hasan :
When the country is undergoing a banking sector crisis where banks are exposed to bad loans, irregularities and mismanagement, the Ministry of Finance (MoF) for the first time has taken initiative to impart training to the directors of state-owned banks aiming at improving their efficiency in banking operation.
In this context, a five-day training programme has been arranged from November 18 in the auditorium of Bangladesh Institute of Capital Markets (BICM) in Dhaka.
More than 100 bank directors are expected to participate in the training programme to be conducted between 10:00am and 1:00pm, officials said.
Finance Minister Abul Maal Abdul Muhith will inaugurate the programme as the chief guest while Secretary of the Financial Institutions Division Md Asadul Islam will chair the function.
State Minister for Finance and Planning MA Mannan and Bangladesh Bank Governor Fazle Kabir will also attend at the inaugural ceremony of the training programme.
The Comptroller and Auditor General of Bangladesh, Mohammad Muslim Chowdhury, will impart the training as the Chief Trainer while two Deputy Governors of Bangladesh Bank and Managing Directors of Sonali and Bangladesh Krishi Bank will also conduct the training sessions.
Admitting the matter, Additional Secretary of the Financial Institutions Division Md Fazlul Haque told The New Nation yesterday that the training programme would be conducted for the Directors of State-owned Banks to improve their skills on banking operations.
He said that many people from different professional groups used to appoint as directors
in the public banks. But they do not have clear idea about the banking laws and their jurisdictions. So, we have taken the initiative for the first time to develop their skill and efficiency in conducting banking activities.
“Such training programme will not help improve efficiency of the bank directors unless the government stops appointing directors on political consideration,” former Bangladesh Bank Governor Dr Salehuddin Ahmed told The New Nation yesterday.
He said the government should appoint efficient and honest people as directors of public banks. Appointment of directors on political considerations should be stopped forever to restore discipline in the country’s banking sector.
When asked, Dr Salehuddin Ahmed said, enormous corruption and inefficiency are the two main causes for the current wobbly state of the state-run banks and the Finance Ministry cannot avoid the responsibility for this.
“The Ministry appointed directors and chairmen in the public banks on political consideration. Even political leaders and corrupt people got appointed as directors who later involved in corruption creating serious governance problems. Marred by bad governance health of public sector’s bank deteriorate rapidly,” he observed.
When the country is undergoing a banking sector crisis where banks are exposed to bad loans, irregularities and mismanagement, the Ministry of Finance (MoF) for the first time has taken initiative to impart training to the directors of state-owned banks aiming at improving their efficiency in banking operation.
In this context, a five-day training programme has been arranged from November 18 in the auditorium of Bangladesh Institute of Capital Markets (BICM) in Dhaka.
More than 100 bank directors are expected to participate in the training programme to be conducted between 10:00am and 1:00pm, officials said.
Finance Minister Abul Maal Abdul Muhith will inaugurate the programme as the chief guest while Secretary of the Financial Institutions Division Md Asadul Islam will chair the function.
State Minister for Finance and Planning MA Mannan and Bangladesh Bank Governor Fazle Kabir will also attend at the inaugural ceremony of the training programme.
The Comptroller and Auditor General of Bangladesh, Mohammad Muslim Chowdhury, will impart the training as the Chief Trainer while two Deputy Governors of Bangladesh Bank and Managing Directors of Sonali and Bangladesh Krishi Bank will also conduct the training sessions.
Admitting the matter, Additional Secretary of the Financial Institutions Division Md Fazlul Haque told The New Nation yesterday that the training programme would be conducted for the Directors of State-owned Banks to improve their skills on banking operations.
He said that many people from different professional groups used to appoint as directors
in the public banks. But they do not have clear idea about the banking laws and their jurisdictions. So, we have taken the initiative for the first time to develop their skill and efficiency in conducting banking activities.
“Such training programme will not help improve efficiency of the bank directors unless the government stops appointing directors on political consideration,” former Bangladesh Bank Governor Dr Salehuddin Ahmed told The New Nation yesterday.
He said the government should appoint efficient and honest people as directors of public banks. Appointment of directors on political considerations should be stopped forever to restore discipline in the country’s banking sector.
When asked, Dr Salehuddin Ahmed said, enormous corruption and inefficiency are the two main causes for the current wobbly state of the state-run banks and the Finance Ministry cannot avoid the responsibility for this.
“The Ministry appointed directors and chairmen in the public banks on political consideration. Even political leaders and corrupt people got appointed as directors who later involved in corruption creating serious governance problems. Marred by bad governance health of public sector’s bank deteriorate rapidly,” he observed.
