Bangladesh
Bank staff led by governor Atiur Rahman stand in silence for three minutes
starting from 4:00pm to express solidarity with Shahbagh protests demanding
death penalty to Jamaat-e-Islami leader Abdul Quader Molla and all other war
criminals at the central bank headquarters in Dhaka on Tuesday.
Bangladesh
Bank on Tuesday introduced an electronic system for monitoring all kind of
transactions involving foreign exchange in the banking sector to check any
embezzlement.
BB governor Atiur Rahman inaugurated the electronic system
named dashboard at the central bank headquarters in the capital.
Managing directors of a number of scheduled banks attended
the programme.
Atiur said from now on the inspection team of the central
bank would be able to analyse the data of the dashboard before it made any
special visit to a bank.
‘The introduction of the dashboard is a time-befitting
measure. It will help us to tackle embezzlement and forgery in the banking
sector,’ he said.
He said that the central bank would know all information
about export, import, inward and outward remittance instantly from the
dashboard.
The monitoring and supervision system of the BB will be
strengthened by using the dashboard, he said.
The zonal offices of the central bank will also be able to
use the dashboard and officials concerned will get facility from the electronic
system before making any inspection to any bank in their respective zone.
‘The BB has set a target of transmitting all reports in the
banking sector through online. The newly-introduced dashboard will give a push
to the effort,’ he said.
Moreover, scheduled banks will also be able to supervise
their own operation under the system as banks will be able to monitor the
business situation at their branches through the BB web portal, the BB governor
said.
A BB official told New Age that the electronic screens would
initially be set up at the offices of BB governor and concerned deputy
governor, executive director, general manager and all branch offices of the
central bank.
He said, ‘From now on, we are able to know the bank-wise
outstanding inland documentary bills and the amount of bills of acceptance to
be given by a branch of a bank in a day,’ he said.
Sonali Bank MD and CEO Pradip Kumar Dutta said that not only
the central
bank but also his bank could get dashboard facilities.
He said, ‘Sonali Bank could have avoided the recent
unexpected incident if the electronic system was introduced before it
happened.’
A BB investigation revealed that Sonali Bank’s Ruposhi
Bangla Hotel branch lent Tk 3,606 crore to Hallmark Group and five other
companies between 2010 and May 2012 against fake letters of credit.
The BB official said that the dashboard would make the
central bank capable of tackling embezzlements like Hallmark Group-Sonali Bank
scam.
He said that the scam had been done through purchasing fake
inland documentary bills for back-to-back LC.
BB deputy governor Nazneen Sultana and executive director Md
Ahsan Ullah, NCC Bank MD and CEO Mohammed Nurul Amin, Pubali Bank MD and CEO
Helal Ahmed Chowdhury and Islami Bank MD and CEO Mohammad Abdul Mannan also
addressed the programme.
News source:
New Age Bangladesh
Dated:- 13-Feb-2013
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