Dhaka, Bangladesh (BBN)- The central bank of Bangladesh has asked all its nine branch offices to intensify their inspection and monitoring efforts to help curb irregularities in the banking system, officials said.
Bangladesh Bank (BB) Governor Atiur Rahman issued the instruction at a teleconference with the general managers (GMs) from his office in the capital Dhaka on Thursday.
The GMs of Chittagong, Barisal, Bogra, Khulna, Rajshahi, Rangpur, Sylhet Sadarghat and Motijheel offices joined the teleconference, the central bank officials added.
“The central bank asked the GMs to gear up their supervision and monitoring activities to help avert any irregularities in the banks,” a BB senior official said, adding that the central bank also asked the GMs to identify the officials and members of the staff who are allegedly involved in irregularities.
The BB’s instruction came against the backdrop of reports in a section of the media on some severe irregularities in disbursements of loans by different state-owned commercial banks (SCBs) in the recent months.
Earlier on July 17 last, the central bank also asked four SCBs for taking legal actions against the employees, allegedly involved in different fraudulent activities.
“We will strengthen our both on-side and off-side supervision, in line with the instructions given by the BB governor,” a senior GM, who participated in the teleconference, said without elaborating.
During the teleconference, the central bank governor also asked the GMs for taking necessary measures to reduce the volume of classified loans in the banking system.
BBN/SSR/AD-24Aug12-3:40 pm (BST)