Published: 12:33 PM, 01 February 2023
Bangladesh Bank’s Governor Abdur Rauf Talukder has reshuffled the duties of Deputy Governors at the central bank. These reforms have been made to bring about good governance, accountability and integrity in the central bank, financial sources have informed.
Bangladesh Bank (BB) on Tuesday assigned Deputy Governor Abu Farah Md. Naser with eight important departments which were earlier under Deputy Governor Kazi Sayedur Rahman.
Reportedly an influential Deputy Governor faces allegations of providing undue privileges to a special group of industries. This Deputy Governor also interfered with actions against anomalies with loan disbursement.
The departments which have been redistributed are Forex Reserve and Treasury Management Department, Department of Currency Management, Department of Foreign Currencies Investment, Credit Information Bureau, Bangladesh Bank Training Academy, Bank Inspection Department—4, Bank Inspection Department—7 and Security Management Department.
From now on Deputy Governor Kazi Sayedur Rahman will be in charge of 14 departments which are Human Resources Department 1, Human Resources Department 2, Debt Management Department, Financial Integrity and Customer Services Department, Financial Stability Department, Sustainable Finance Department, National Financial Inclusion Strategy, Administrative Unit, Financial Sector Support and Strategic Planning Department, Financial Inclusion Department, Deposit Insurance Department, Expenditure Management Department 1, Expenditure Management Department 2, Law Department and Department of Communications and Publications.
On the other hand, Deputy Governor Abu Farah Md. Naser will be in charge of Banking Regulations and Policy Department, SME and Special Programs Department, Credit Guarantee Department, Forex Reserve and Treasury Management Department, Department of Currency Management, Foreign Currencies Investment Department, Credit Information Bureau, Bangladesh Bank Training Academy, Bank Inspection Department 4, Bank Inspection Department 7 and Security Management Department. It may be added that there are at present four Deputy Governors in Bangladesh Bank.
Coordinators have been appointed in five banks which are AB Bank, One Bank, National Bank, Padma Bank and Bangladesh Commerce Bank.
Observers have been there in the following banks: Sonali Bank, Agrani Bank, Janata Bank, Rupali Bank, Basic Bank, ICB Islamic Bank and Bangladesh Krishi Bank. Observers have been placed in Islami Bank Bangladesh Limited and First Security Islami Bank too. There are prevalence of negative phenomena like high defaulted loans, capital deficit, provision deficit and some other irregularities in the above banks.
It may be recalled that The Asian Age published a number of reports during last few months in which the point of reshuffling duties in Bangladesh Bank was emphasized.