Professional Documents
Culture Documents
25 Banking Letters
25 Banking Letters
position does not allow the bank to sanction him the loan
Dear Sir,
It is our pleasure to find you as one of our very old and valued clients. We hope, you will
continue enjoying our personalized services as to your banking needs.
You have applied for a loan of Taka 75,000 to buy one motorcycle under our Consumer
Credit Scheme, which is a very popular collateral-free loan program.
One borrower, under this program, has to submit to us a number of undated cheques of his
bank account written in favor of our bank in advance and duly signed, which we are
supposed to use for settlement of the loan, if the borrower ever fails to adjust his or her
debts.
Salaried people whose monthly salaries are commensurate with monthly repayment
installments of the proposed loan are eligible to avail of this loan facility.
As we have found out, your present monthly basic salary is Taka 16,000 and your takehome
pay (after adjustments of cuts by your employer) is Taka 9,000. In no circumstances we can
ask you to pay more than TK 3,600 as loan installment. Because, at least Taka 5,400 (one-
third of your basic pay) must be at your hand to defray your own personal financial needs.
If you avail of Taka 75,000 to be adjusted in five years, your monthly installment for
adjustment of the loan will be around Taka 6,700, which does not cover by what you are now
drawing as your take-home pay. We are extremely sorry to regret your loan application.
Abdul Quiyum
Manager
Write to the Head Office of your bank requesting specific amount of budget allocation for
purchasing furniture for your branch
IFIC Bank
Shantinagar Branch
Dhaka 1005
Telephone: 02-7163 Fax: 02-7164
Email: ificshantinagar@ificbank.com
Dear Sir,
You would be happy to learn that our Branch made a net profit of Taka 14 crore in the last
year ending December 31, 2008. We are the leading bank branch in and around Shantinagar
and Mogbazar areas and the number of our clients and customers is increasing at
exponential rate. On an average, 200 customers visit our branch everyday.
We are facing acute shortage of furniture to cater to our needs both for our clients and our
back office personnel. There has not been any addition of furniture in our branch since its
inception in the year 1998.
Now that OTOBI, a reputed furniture manufacturer in our country, has offered 15 percent
discount on office furniture we request to your esteemed authority to allot in favor of our
branch a supplementary budget of Taka 3 lac on account of furniture so that we can furnish
our branch with adequate furniture befitting our corporate environment.
Sincerely,
Nirjon # 603
House # 30, Road # 01
Block-I, Banani,
Dhaka 1213
Dear Maroof,
Hope, this letter will find you hale and hearty. How are you doing with your new assignment
in the foreign exchange department of your bank branch in Agrabad?
I would advise you to appear in IBB examination to be held in next November. Initially, I had
thought the exam would be a tough one. But, believe me, the exam was easy and smooth. I
appeared in all the papers of IBB exam Part-I that has just been held.
Among all the subjects I found Accountancy a bit difficult. But I sensed a great relief as I
could solve the question on final account with some typical adjustments. I am pretty sure I
would qualify in all the subjects.
To pass the IBB exam what you have to do is read thoroughly all the question papers of the
previous IBB examinations and find out their appropriate answers from notebooks that are
available in the market. You may also attend the tutorial classes on all the subjects that are
especially arranged by IBB authority in Dhaka.
Sincerely,
Raakeeb Reza Khan
As a manager of a particular branch of a bank write a letter to the proper authority of your
Head Office describing the bright sides of opening foreign currency accounts in your bank.
Shahjalal Bank
Ambarkhana Branch, Sylhet
Telephone: 04-33214 Fax: 04-33215
Email: sjalalambarkhana@sjalalbank.com
General Manager
Shahjalal Bank
Head Office, International Division,
12, Dilkhusha Commercial Area, Dhaka 1000
Dear Sir,
As you know, our branch has already achieved all its business targets of the current year
seven months ahead of the annual closing due on 31 December 2009.
You would be excited to learn that when in the beginning of this year the number of savings
accounts was 1,900 and that of current accounts only 56 our branch can now pride over its
present number of accounts, which is 4,500 savings accounts and 1,200 current accounts.
Our total deposit as on April 30 stands at Taka 60 crore while our total advance stands at
Taka 22 crore.
As everybody knows, Sylhet is famous as the richest abode in Bangladesh for expatriates
working abroad. All the branches of all the commercial banks in the entire Sylhet Division are
dependent on Sylheti wage earners for building their deposit bases. Those bank branches,
which offer the privileges to expatriates to open their F.C. accounts, are gaining the best
fruits in their deposit hunting.
We would be immensely benefited if your esteemed authority could arrange permission from
the central bank for authorizing our branch at least to open F.C. accounts of Bangladeshi
expatriates as a special consideration, if at this moment our branch is not given A.D. license
to operate other foreign exchange businesses.
Sincerely,
Bright Poultry
13 Feku Ustagar Lane
Narinda, Dhaka 1204
Telephone: 02-716038 Fax: 02-716038
The Manager
Agrani Bank plc
Narinda Branch
Dhaka 1204
Dear Sir,
We are grateful to your esteemed bank authority for sanctioning a term loan of Taka 25 lac in
favor of our firm Bright Poultry in 2008. As you will find in your records we paid our loan
installments regularly for the last 15 months.
As ill luck would have it, on the ground of epidemic bird flue we were compelled by the
concerned authority to cull our 3,700 chickens and the government has not yet given any
compensation on that account.
In such circumstances it is not possible for us to repay the quarterly installments regularly.
The due date of the next installment of Taka 3,75,000 is June 16, 2009. We would be highly
obliged if your authority could grant rescheduling the term loan to our firm to be adjusted in
nine years instead of in five years so that our quarterly installment stands at not more than
Taka 2,00,000.
Sincerely,
Sadananda Paul
Managing Director
Write a letter of thanks to a good account holder for maintaining fair banker-customer
relationship during the last few years.
Thank you very much for your opening a Savings Account with our Branch about five years
back.
We have arranged a lunch in honor of those of our clients who have fairly been maintaining
their accounts with our branch for five years and more. We would be happy if you along with
your wife could grace the luncheon ceremony to be held at Hotel Purbani at 1330 HRS on
Friday, 29 February 2009.
Yours sincerely,
S. A. Chowdhury
Manager
As a manager of your bank, write a letter to the proper authority requesting him to take
proper step to introduce computer system in your bank to expedite the banking works.
Rupali Bank
Srinagar Branch
Dhaka
Telephone: 0752-232451 Fax: 0752-232451
Dear Sir,
With due respect to your esteemed authority we like to inform you that our Srinagar Branch
had earned a net profit of only Taka 2 crore in the last year ending 31 December 2008
though the branch has the potential to make much more profits. This branch is commercially
a very important branch for its strategic location.
Almost all the branches of all other commercial banks in Srinagar are doing better business
compared to ours and their employees leave their branches at 5 PM after balancing all books
of accounts; after office hours the bank employees of those banks visit different shops and
trade houses to interact with businessmen for deposit hunting and for recovery of overdue
loans. On the other hand all the employees of our Branch have to remain in the office
everyday till 7 in the evening to complete their daily works.
The secret behind the success stories of other banks is computerization. All the bank
branches in Srinagar, except our branch, are fully computerized. As a result the efficiency of
those branches has increased manifold.
Thank you.
Zubair Manhood
Manager
Draft a circular letter to the bank branches for taking proper cautionary measures in
sanctioning house-building loans to the members of the public.
Of late, it is being observed that some of our branches have been sanctioning long-term
loans for house building a bit recklessly and without taking cautionary measures as to the
builders equity and the income generating capacity of the building being financed.
All concerned are hereby advised to strictly abide by the terms and conditions as stipulated
in the Circular Number 19 dated 12 Jan 1987 while evaluating a proposal of house-building
loan.
Special attention must be given to the valuation of both landed and building properties
keeping in mind that in view of impending recession the present value of real estate in
Bangladesh may suddenly plummet as had happened in North America that has sparked the
ongoing financial meltdown all over the world.
Any deviation from instructions as enunciated in the Loan Manual and in circulars issued
from time to time as to house-building loan will be seriously taken and meted out with stern
administrative actions.
Each and every official is instructed to read this circular and put his or her signature in the
blank space of this notification.
Operation Wing
Copies to:
01. Staff Officer to Managing Director
02. All General Managers, DGMs and AGMs
03. All Regional Managers
04. All Managers
05. Office file
In response to a bank customer, give him in details the system of money gram in your bank
BRAC Bank
Mohakhali Branch
Dhaka 1212
Telephone: 02-987 3054 Facsimile: 02-987 3055
Email: bracmohakhali@bracbank.com
Dear Sir,
It is our pleasure to receive your letter enquiring about money-gram system of paying
money.
MoneyGram is an international company based in the United States having their offices in
more than 170 countries all over the world. This company has recently started providing
money transfer services in Bangladesh. They provide a service that ensures instant cash
from the remitters to the recipients in the shortest possible time.
Our bank has entered into an agreement with MoneyGram International. So, if you have any
friend or relation working or living abroad, you may inform him/her that s/he can send money
to anybody in Bangladesh through our bank via MoneyGram.
On the strength of a unique password, conveyed by the remitter to the intending recipient,
anybody can get the instant cash over the counter even if the customer has no account with
any bank.
You may enjoy this facility of MoneyGram in any shop or office, other than in banks,
wherever you will find the logo of MoneyGram, thanks to Internet facility being available in
every nook and corner.
Keramat Ali
Manager
Write a letter to an account holder of your bank telling him clearly how he can get money
quickly through your bank instead of using money-gram system
SUB: YOUR ENQUIRY ABOUT HOW YOU CAN GET MONEY FROM ABROAD
Dear Madam,
It is our pleasure to receive a letter from you to know how you can get money from abroad
through our bank instead of using the MoneyGram system of money transfer.
As you know, our bank has not yet entered into any agreement with MoneyGram. We are
also not confident about the efficacy of money transfer through MoneyGram that ensures
payment to anybody who can present a password. The system sounds to us a little
alarming, as we are not used to handing remittance money to anybody having no account
with our bank.
Our system of remittance through our overseas correspondents is very robust and reliable;
there is no possibility of frauds in our system. We ensure crediting the beneficiaries
accounts in the shortest possible time. Thanks to SWIFT communication system of our bank,
you can receive money from abroad in matter of few minutes. What you can do is advise
your friend or relation living abroad to find out the nearest bank and instruct them to send
his/her money through our correspondents.
We are enclosing herewith a brochure where you will find a list of our correspondent banks
abroad with their addresses, contact numbers, emails and SWIFT addresses. You may send
this brochure to your friend who may send money to your end through our Bank.
Thank you,
Bahadur Shah
Manager
Write a letter to your friend about your experiences in banking during the last three years of
banking job.
Dear Kamal,
Time flies away. I cant imagine that I have already spent three years working in the same
branch of Agrani Bank at Sadarghat. This explains my pleasure in my banking profession;
otherwise passing time would have been a painfully slow memory.
I find myself fortunate to work in Agrani Bank, Sadarghat Branch for a number of reasons.
Firstly, the branch is located so near my home at Patla Khan Lane that I dont need a
rickshaw to commute between my office and home. I can take my lunch in the comfort of my
house during the lunch break of half an hour. Secondly, my colleagues, especially my
Manager, are excellent people. Had I not been in this bank I would have missed a great
opportunity to meet rare people with rare hearts among my office colleagues and the
customers of my bank.
You know, Kamal, one day I didnt turn up to my office as I was suffering from fever. To my
sheer surprise, I found the whole crowd of my colleagues and a few customers in the living
room of my home. They were concerned about my sickness. They brought fruits and flowers.
They wished me an early recovery.
Of course, banking as a profession is a little risky. One has to be alert and cautious when
money goes out of the branch. I have been trained in our foundation course that a good
banker must have a lions heart, an eagles eyes, a deers ears, a monkeys canny
intelligence and an angels noble soul.
I have decided to accept banking as my career for my whole life. Lets see whether I as a
banker can contribute my mites and efforts for the welfare of people.
Please keep in touch with me and feel free to ask me for anything I can offer to you.
Lutfur Rahman
(Your friend in need)
In reply to an enquiry of a student write in details about the education loan facilities
available in your bank for education abroad.
Dear Sir,
It is our privilege and pride to get your letter enquiring about the popular Education Loan
Program our bank has launched last month. The program is especially tailored to cater to the
needs of meritorious students who cannot afford high costs of educational expenses abroad.
You can avail of the loan if you have the following papers ready to submit to us:
01. All the certificates of your previous educations testifying that you are an extraordinarily
meritorious student.
02. Evidence that your parents or guardians have valuable properties though they dont
have ready cash to spend.
03. Evidence that you have been qualified to get admission in any foreign university or
college of international reputation and that the education you would earn in that institution
would be of immense benefit to our country.
04. As the loan is offered at very low interest rate of only 4 percent, we may regret a loan
application if the applicant is not so meritorious or if his/her parents are affluent enough to
spend cash for their childrens education abroad.
We are always at your service and it would be our pride if students like you can earn
knowledge on the strength of a loan given by our Bank, the only state-owned Bank that
always rushes to the needy and the poor.
Thanks.
Manager
As a branch manager, write a letter to a bank client warning him for the last time to adjust
his overdue loan before taking actions.
Agrani Bank
Nawabpur Branch
Dhaka 1000
Telephone: 02-956 7430 Fax: 02-956 889
Dear Sir,
As all of our previous attempts to contact you were unsuccessful, I regret that we are forced
to turn this account over to a collection agency for further actions.
In order to avoid this unpleasant action and further damage to your credit record, please pay
the outstanding balance of your account titled Asha Poultry, Taka 2, 00,000, within 15 days
of the date of this letter.
This is the last notice you will receive before action is taken. Please give this matter
immediate attention.
You may contact us for any clarification about your overdue loan.
A meeting presided over by Mr. Abdul Baten, General Manager, Administration, was
held at the Board Room to discuss the present security arrangements of the Head
Office and how to streamline the arrangements in view of the recent trend of
detonating bombs and Molotov cocktails by unscrupulous elements.
A unanimous resolution has been taken by the meeting that the present security
guards who have been doing their duties for the last six months have to be replaced
by new ones and CCTV cameras have to be installed at the main entrance.
The Deputy General Manager and all other officers of the Common Service
Department also attended the meeting.
The meeting decided to present this report to the Managing Director for his kind
approval.
Dear Sir,
Chittagong Diary Products Ltd. is a valued party of our branch. They have been
banking with us for the last 12 years.
But, of late, the party is not responding to our repeated requests to pay their
installments of a long-term loan. They have already failed to pay three installments
and the loan has already been classified.
According to our normal banking practice it is high time we instituted a case against
them in the Ortho Rin Adalat. But, we are afraid, they will stop banking with us if
we file a suit against them.
Can we take any legal measure that may motivate them to adjust the long-due loan?
We have sent them our reminders through letters. But, no legal notice has yet been
served to them.
Sincerely,
Dhaka Bank
Agrabad Branch
Chittagong 7020
Phone: 975 2319 Fax: 975 2320 Email: dhakaagrabad@dhakabank.com
Rahim Glass is the oldest factory in Chittagong manufacturing different kinds of glasses for
the last 34 years. They have been maintaining a current account with us for the last three
years though their main bank is Sonali Bank wherefrom they had availed of a project loan of
Taka 25 crore about five years back.
Their project loan with Sonali Bank is going to be adjusted within this year. For our good
relationship with Rahim Glass they have sought Taka One crore as working capital for a new
factory they have recently set up to manufacture bottles for pharmaceutical companies.
The yearly turnover of the group of their industries is more than Taka 200 crore and they
have never defaulted with any bank. Besides machinery, which would be hypothecated by
us, they would offer additional collateral security worth Taka 5 crore to cover the loan for
their proposed working capital.
Considering their business background and reputation, the undersigned highly recommends
for sanctioning Taka one crore for Rahim Glass as short-term renewable working capita loan
in the form of Cash Credit.
This trend of flooding our bank with deposits is observed especially during three months
before Hajj as the devout Muslims, who make up their minds to perform Hajj, withdraw their
savings from other commercial banks and deposit the same with us just before they set out
their journey for Hajj.
Considering this trend we suggest our esteemed management to invest the excess fund with
leasing companies for a short period of three months. We have come to learn that the
leasing companies offer the best rate. During Hajj period the leasing companies finance the
leather processing factories also for a short period on the eve of Eid-ul-Azha.
We take immense pleasure to announce that our branch is poised to make a record profit in
the financial year ending on June 30, 2009. Compared to what our branch achieved in the
previous year ending on April 30, 2008 the present financial position is far better as can be
judged from the table mentioned below:
Such stupendous achievements have been possible, thanks to all employees of our branch
who have been striving hard for achieving their respective business targets.
Social Investment Bank Ltd (SIBL) has at present 87 sedans, 25 jeeps and 12 pickups which
are being officially used all over Bangladesh. Of these vehicles, 50 sedans are allotted to
executives, from Assistant Vice Presidents to Managing Director, for their alltime use. Each
executive has to pay Taka 300 every month against this facility of using the banks motor
vehicles both for their office and home uses.
The bank has to defray an annual expense of Taka 6 lac for one sedan allotted to each of the
executives on account of fuel, drivers salaries, maintenance, depreciation cost and
insurance premium.
It has been observed that families of the executives cant spare their allotted sedans for any
official use of the bank, as they have to use the cars for their domestic purposes day and
night.
Considering exorbitant maintenance cost of sedans and also with a view to providing an
incentive to the bank officials all other private banks and some of the state-owned banks
have already introduced car loans to their executives at bank rate and in some cases at no
interest in addition to a monthly allowance for maintenance of cars.
If the board of directors decides to give car loans of Taka 15 lac each to all the executives at
an interest rate of 2% along with monthly car allowance of Taka 25 thousand the bank will
save 40% expenditure on account of maintenance of sedans now being allotted to the
executives.
If approved, the proposition may be placed at the next meeting of the Board of Directors for
their consideration.
General Manager
Managing Director
Make some proposals for consideration of the board of the Bank regarding disbursement of
small loans for the flood affected rural people
General Manager
Bangladesh Krishi Bank
Khulna Division,
Krishi Bank Bhaban,
Khan-E-Sabur Road, Khulna
Dear Sir,
As you know, a SIDR cyclone, more severe than the SIDR of 2007, lashed the entire southern
part of Bagerhat district on May 15, 2009 leaving a trail of unimaginable destructions. Crops
on the fields have been damaged to the extent of 75 percent. Houses have been traceless.
People are spending their days and nights under the open sky. Considering the severity of
the cyclone and haplessness of the affected people we appeal to your esteemed authority to
approach our Board of Directors with a request to visit the flood-affected regions of Bagerhat
district as soon as possible.
We need to convince our bank management to allot special budget of at least Taka 50 crore
for immediate disbursement of small loans, each of Taka 25 thousand, under a special
program with a view to rehabilitating the cyclone-affected people of this region.
Sincerely,
Newazish Ali
Regional Manager
Write a report on the meeting held recently in your bank regarding a threadbare discussion
on the total position of the bank in the last financial year
Bangladesh Karma Sangsthan Bank
Head Office
Motijheel, Dhaka 1000
Telephone: 02-956 3211 Fax: 02-956 3212
Email: karmashangsthan@kbank.com
QUARTERLY EVALUATION MEETING HELD IN HEAD OFFICE ON MAY 22, 2009 TO DISCUSS ON
THE TOTAL POSITION OF THE BANK IN THE LAST FINANCIAL YEAR AND STRATEGIES ADOPTED
TO ACHIEVE BUSINESS GOALS IN THE CURRENT FINANCIAL YEAR.
An evaluation meeting presided over by the banks Managing Director Mr. M A Yusuf was held
in the Board Room of our Head Office on May 20, 2009 with Mr. Abdul Jalil, Chairman, Board
of Directors, attending the meeting as the chief guest. All the executives of the Head Office
and all the regional managers of the bank participated in the meeting that lasted for three
hours from 1000 HRS in the morning till 1300 HRS in the afternoon. The meeting was
followed by a lunch in Hotel Purbani.
In his welcome address Mr. Zainal Abedin, General Manager, Bangladesh Karma Sangsthan
Bank (BKSB), presented the overall position of the bank highlighting the following features of
the last financial year:
1. All the 45 branches located in different parts of Bangladesh made profits in the
financial year ending June 30, 2008.
2. Against annual profit target of Taka 15 crore the bank could make a total net profit of
only Taka 3 crore.
3. The bank had a total deposit of Taka 1,000 crore out of which Taka 800 crore was time
deposit and the rest demand deposit.
4. The bank had a total advance of Taka 2,900 crore of which only Taka 300 crore was
performing assets and the rest non-performing.
5. Out of total number of 350 employees of the bank 130 employees have left their jobs
and 26 employees had retired resulting in an acute shortage of manpower.
6. The bank is struggling to invest money as it has been facing tough competition from
NGOs, especially from Grameen Bank which is aggressively alluring rural people to
bank with them in spite of the fact that their rates of interests on loans are three times
more than what BKSB offers.
The Chairman of the Board of Directors in his address as the chief guest expressed his deep
concerns at the pitiable condition of the bank and urged the bank management to take
immediate measures to identify the flaws and take remedial measures to correct anomalies,
if any, that are responsible.
The Managing Director in his presidential address gave assurance that the bank will
surmount all the problems and will be able to achieve its annual target of making a total
profit of Taka 25 crore in the current financial year ending 30 June 2009 as BKSB has already
taken the following steps:
1. The bank has already ensured a healthy deposit-loan ratio at 60-40 and the provisional
profit at the end of April 30, 2009 stood at Taka 20 crore.
2. Performing assets of BKSB now stands at 90 percent.
3. 20 branches have been computerized to solve the shortage of manpower.
Prime Bank
Islampur Branch
Dhaka 1000
Telephone: 712 3098 Fax: 712 3098
Email: primeislampur@primebank.com
Our Ref: Meeting/security/02/09
Thursday, May 21, 2009
MEETING HELD ON WEDNESDAY, MAY 20, 2009 AT PRIME BANK, ISLAMPUR
BRANCH, DHAKA, TO DISCUSS ABOUT SECURITY OF THE BRANCH.
An emergency meeting was held at 5 PM on Wednesday, May 20, 2009 at the chamber of the
Branch Manager to discuss about the existing security arrangements and the measures
that can be taken to streamline the security aspects of the Branch in view of recent
robberies being committed in different shops and offices in and around Dhaka city.
Presided over by the Branch Manager the meeting was attended by all the employees of the
Branch. Mr. Kamrul Islam, Sub-inspector of Islampur Police Station, attended the meeting as
a special guest.
The meeting reviewed the law and order situation in Islampur area and security
arrangements of the Branch. There are only two security guards employed by a private
security firm. The guards are not smart and intelligent as was reported by the second officer
of the Branch; it was also reported that on holidays only one security guard remains inside
the branch on mutual arrangements between the guards so that the other guard can visit his
family on holidays. More alarming was the fact that the guards who are supposed to remain
alert round the clock sleep during night.
The following resolutions were unanimously adopted by the meeting:
01. The guards have to be replaced by four smart and honest security guards who will guard
the Branch on alternative roaster so that at least two guards are always found guarding the
Branch premises round the clock.
02. The guard on duty must toll a strong copper bell every hour according to clock so that
the officers of the branch who reside near the Branch can hear the bell tolling.
03. A CCTV camera attached with a standby computer that can run on battery for at least
one hour, in case of power failure, have to be installed to record movement of people inside
the Branch round the clock. All files in the hard disk of the computer will have to be kept
saved at least for one month before erasing the memory disks.
04. Movement register has to be introduced to track movements of both clients and
personnel.
The meeting that lasted for about one and a half hour was over with a vote of thanks
delivered by the undersigned.
Please refer to relevant references, vide our circular numbers: 364-01, 364-02, 364-03, 364-
04, 364-05, 364-06 and 364-07 wherein it is clearly stipulated how and when disbursed
agricultural loans, especially crop loans, have to recovered and rescheduled. Head Office
management has repeatedly instructed our field offices to watch whether the small loans are
being serviced properly or not.
But, statistics emanating from field offices transpire that agricultural loans are getting time-
barred at an alarming rate and the managers of rural branches are not at all careful about
timely servicing of the loans and proper notices are not being served to defaulting
agricultural borrowers.
Our field offices, especially managers of our rural branches, are hereby advised to enlist the
updated lists of defaulters and send final notices to the concerned borrowers for repaying
their over-due loans by 07 June 2009. Field offices are advised to institute certificate cases
against the defaulters after complying necessary formalities.
If any branch is found having more than 10 percent of non-performing agricultural loans
stern administrative actions will be taken against the concerned managers and field officials.
All employees are required to read this circular and put their signatures on the blank spaces
of this notification.
Md. Salimullah
One Bank
Mohakhali Branch
Dhaka 1213
Telephone: 02-988 3324 Facsimile: 02-988 3325
Email: onemohakhali@onebank.com
Strictly Confidential
Our Ref: Discipline/39/09
Wednesday, May 13, 2009
We are extremely sorry to report that two of our employees have been involved in diverting
fund of staff house-building loan for their personal benefits instead of using the loan in house
building.
After learning about the deviation of fund the undersigned formed a two-member committee
to probe into the matter and submit a report.
According to the report of the probing committee one Mr. Ramesh Chandra Adhikari, our
cashier, invested the loan fund amounting Taka Two lac fifty thousand with his brother who is
a goldsmith and one Mr. Jalal Ahmed, our Senior Officer, invested the loan fund mounting
Taka Four lac and seventy-five thousand in share business of Dhaka Stock Market. Both the
officials are reported to be negligent to their duties, as they always remain busy talking to
people over telephone about their business activities.
Submitted for information and granting approval for our initiating disciplinary proceedings
against the alleged personnel who misused their staff house building loans.
The Board of Director of Bangladesh Krishi Bank has approved of introducing a new loan
scheme titled Staff Loan For Home Appliances to help needy employees of our bank buy
home appliances with low interest-bearing loan not exceeding Taka 50,000 in each instance.
Please refer to our Circular Letter No PD/Staff HB Loan/36/1991 dated 10 January 1991. The
concerned advance departments of both controlling offices and field offices are hereby
instructed to follow the rules, regulations and procedures as stipulated in the circular on Staff
House-Building Loan before disbursing the new loan on home appliances.
Special care must be taken while granting the new loan to an employee so that the total
monthly repayment installment for all loans taken by an employee do not exceed two third of
his/her basic salary.
Utility report against the Home Appliance Loan must be signed at least two officers having
power-of-attorney numbers as is practiced in other staff loans.
Each and every employee must read this circular thoroughly and put their signatures in the
blank spaces of this notification.