Bangladesh Krishi Bank – Wikipedia

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Bangladesh Krishi Bank is a fully government owned bank in Bangladesh founded in 1973. The primary purpose of the bank is to provide services to farmers and agricultural industry.[1]Rajshahi Krishi Unnayan Bank is the other state owned agriculture bank in Bangladesh.[2][3]

History[edit]

Bangladesh Krishi Bank was established in 1973.[4]

Bangladesh Krishi Bank is one of seven state owned banks in Bangladesh.[5] In 2006, the bank was ordered to ensure 2 per cent interest on loans to farmers.[6] On 16 November 2006, M Fazlul Haque was appointed managing director of the Bank.[7]

On 30 January 2008, Khondkar Ibrahim Khaled was appointed chairman of the Bangladesh Krishi Bank and Md Mukter Hussain was appointed the managing director of Bangladesh Krishi Bank.[8][9] In 2009, it had 952 branches which is the highest number of branches for banks in Bangladesh.[10]

The bank was asked to stop providing loans to non-agricultural purposes.[11] The Bank provided 19.26 billion taka loans for non-agricultural purposes from 2010 to 2013.[11]

In December 2014, four Bangladesh Krishi Bank officials have faced investigations from the Anti-Corruption Commission.[12] The four were accused of providing a fraudulent loan to restaurateur Wahidur Rahman, owner of Firoz Group, for 1.52 billion taka.[12][13]

In 2015, the Bangladesh Krishi Bank incurred a loss of 1589.3 million taka.[14] The Bank worked with the Department of Agricultural Extension in Netrokona District to provide loans to Boro rice Cultivators.[15] The Moulvibazar branch of the bank was robbed of over 600 thousand taka.[16]

On 23 November 2016, Muhammad Awal Khan was appointed managing director of Bangladesh Krishi Bank.[17]

In November 2017, Anti Corruption Commission sued six including three officers of the bank for embezzling 4.3 billion taka with the owners of M/S RN Sweaters.[18]

Anti-Corruption Commission sued 6 officials of Bangladesh Krishi Bank and Wahidur Rahman in August 2018 for embezzling 1.52 billion taka from 2009 to 2013.[13]

Justices M Enayetur Rahim and Sardar Md Rashed Jahangir asked the bank to explain why the bank had waived 480 taka interest on a loan to businessman and Bangladesh Nationalist Party politician Abbas Ali in May 2021.[19] It was one of nine banks making a loss in the first quarter of 2021 in Bangladesh.[20] It had the highest loss at 7.74 billion taka.[20] The other banks were BASIC Bank Limited, Bangladesh Commerce Bank Limited, Bangladesh Development Bank, ICB Islamic Bank, Meghna Bank, NRB Bank, Padma Bank Limited, and Rajshahi Krishi Unnayan Bank.[20] On 16 August, Shirin Akhter was appointed managing director of the bank.[21] After Shirin retired, she joined the Karmasangsthan Bank in December 2021.[22]

Bangladesh Krishi Bank asked for deposits from State owned enterprises.[23] In June 2022, it had the highest capital shortfall in Bangladesh with 128.77 billion taka.[24] It received an appreciation letter for distributing loans from the Bangladesh Bank.[25] The Bank donated 10 million taka to the relief fund of Prime Minister Sheikh Hasina.[26]

Board of directors[edit]

Name Position Reference
Md. Nasiruzzaman Chairman [27]
Md. Abdul Jabber Managing Director [27]
Md. Hamidur Rahman Director [27]
Mrityunjoy Saha Director [27]
Tahmid Hasnat Khan Director [27]
Abdus Salam Director [27]
Benojir Alam Director [27]
Kazi Mohammad Nozre Moin Secretary [27]

References[edit]

  1. ^ “About Us”. krishibank.org.bd. Archived from the original on 2016-01-05. Retrieved 3 February 2016.
  2. ^ Uddin, AKM Zamir (2020-11-26). “BKB, Rakub asked to reduce default loans, boost capital base”. The Daily Star. Retrieved 2022-11-09.
  3. ^ “Rural businesses, farmers hit by lack of finance”. The Daily Star. Retrieved 2022-11-09.
  4. ^ “BKB AT A GLANCE – Bangladesh Krishi Bank”. www.krishibank.org.bd. Retrieved 2022-11-09.
  5. ^ “State-owned banks in Bangladesh cut interest rates”. bdnews24.com. Retrieved 3 February 2016.
  6. ^ “Ensure 2pc lending rate for Rabi crop farmers”. The Daily Star. Retrieved 2022-11-09.
  7. ^ “New MD of Krishi Bank”. The Daily Star. Retrieved 2022-11-09.
  8. ^ “Krishi Bank gets new chairman, MD”. The Daily Star. 2008-01-30. Retrieved 2022-11-09.
  9. ^ Rashid, Mamun (2011-05-05). “Sorry Mr. Ibrahim Khaled!”. The Daily Star. Retrieved 2022-11-09.
  10. ^ Rahman, Sajjadur (2009-08-15). “Krishi Bank to go more commercial”. The Daily Star. Retrieved 2022-11-09.
  11. ^ a b “Govt orders Krishi Bank to stop giving loans for non-agricultural purposes”. bdnews24.com. Retrieved 3 February 2016.
  12. ^ a b “ACC grills 4 Krishi Bank officials over embezzlement”. The Daily Star. Retrieved 3 February 2016.
  13. ^ a b “Graft Case: Six former bank officials sent to jail”. The Daily Star. 2019-02-21. Retrieved 2022-11-09.
  14. ^ “Tk 1 crore or more in 1.14 lakh accounts”. The Daily Star. Retrieved 3 February 2016.
  15. ^ “Massive Boro cultivation in Netrakona”. The Financial Express. Dhaka. Archived from the original on 20 December 2016. Retrieved 3 February 2016.
  16. ^ “Moulvibazar Krishi Bank branch robbe”. bdnews24.com. Retrieved 3 February 2016.
  17. ^ “New managing director for Bangladesh Krishi Bank”. The Daily Star. 2016-11-23. Retrieved 2022-11-09.
  18. ^ “Loan scam: Ex-Krishi Bank DGM lands in jail”. The Daily Star. 2017-11-28. Retrieved 2022-11-09.
  19. ^ “HC wants documents of Krishi Bank’s Tk 48 crore interest waiver for BNP leader”. The Daily Star. 2021-05-24. Retrieved 2022-11-09.
  20. ^ a b c Uddin, AKM Zamir (2021-06-02). “Nine banks incur net losses in Q1”. The Daily Star. Retrieved 2022-11-09.
  21. ^ “Shirin MD of current charge at Krishi Bank”. The Daily Star. 2021-08-16. Retrieved 2022-11-09.
  22. ^ “Shirin becomes Karmasangsthan Bank MD”. New Age. Retrieved 2022-11-09.
  23. ^ “Bangladesh Krishi Bank seeks deposits from state entities”. The Financial Express. Retrieved 2022-11-09.
  24. ^ Uddin, AKM Zamir (2022-06-09). “Ten banks face capital shortfall of Tk 27,051cr”. The Daily Star. Retrieved 2022-11-09.
  25. ^ “Bangladesh Krishi Bank receives appreciation letter from BB governor”. The Business Standard. 2022-05-18. Retrieved 2022-11-09.
  26. ^ “Bangladesh Krishi Bank donates Tk1cr to PM’s Relief & Welfare Fund”. The Business Standard. 2022-07-07. Retrieved 2022-11-09.
  27. ^ a b c d e f g h “Board of Directors – Bangladesh Krishi Bank”. www.krishibank.org.bd. Retrieved 2022-11-09.

External links[edit]