Probashi_Kallyan_Bank

Probashi Kallyan Bank

Probashi Kallyan Bank

Add article description

Probashi Kallyan Bank is a state-owned bank in Bangladesh, a specialized financial institution for non-resident Bangladeshis.[1][2][3]

Quick Facts Company type, Industry ...

History

The Bank was started in 2010 by the Government of Bangladesh to provide financial services to oversea Bangladeshis.[4] It had a start up capital of 1 billion taka. 95 percent of the capital came from Wage Earners' Welfare Fund and five percent from the government of Bangladesh.[5]

On 11 September 2016, Md Wahiduzzaman Khandaker was appointed Managing Director of Probashi Kallyan Bank.[6]

The bank has faced allegations of corruption and nepotism.[7] The bank also faced manpower shortages in 2020 harming daily operations of the bank.[8]

Expatriates' Welfare Minister Imran Ahmad is March 2021 announced plans to establish branches of the bank in every Upazlia in Bangladesh.[9] In August 2021, Probashi Kallyan Bank signed an agreement with NCC Bank to cooperate in remittance disbursement.[10]

Probashi Kallyan Bank established a currency exchange booth at the Hazrat Shahjalal International Airport in June 2022.[11] In September 2022, Md Mazibur Rahman was appointed Managing Director of Probashi Kallyan Bank.[12][13] The previous Managing Director of the Bank, Md Zahidul Haque, was appointed Managing Director of Rajshahi Krishi Unnayan Bank.[14]

References

  1. [1]
    "Probashi Kallyan Bank will move to BB for soft loan to help overseas job seekers". The Financial Express. Dhaka. Archived from the original on 10 May 2017. Retrieved 2 October 2016.
  2. [2]
    "Central bank opposes plan for new specialised bank". Dhaka Tribune. Retrieved 2 October 2016.
  3. [3]
    "Make getting loans easy for overseas job-seekers: PM". The Business Standard. 7 February 2022. Retrieved 2 October 2022.
  4. [4]
    "Coming Back Home". The Daily Star. 30 January 2016. Retrieved 2 October 2016.
  5. [5]
    "International labour migration". The Daily Star. 5 February 2016. Retrieved 2 October 2016.
  6. [6]
    "New chief for Probashi Kallyan Bank". The Daily Star. 11 September 2016. Retrieved 2 October 2022.
  7. [7]
    "Nepotism widespread in Probashi Kallyan Bank". Dhaka Tribune. Retrieved 2 October 2016.
  8. [8]
    Mahmud, Jamil (21 November 2020). "Probashi Kallyan Bank: Crippled by manpower shortage". The Daily Star. Retrieved 2 October 2022.
  9. [9]
    "Plan to establish branches of Probashi Kallyan Bank in each upazila: Expatriates' welfare minister". The Daily Star. 24 March 2021. Retrieved 2 October 2022.
  10. [10]
    "Probashi Kallyan Bank signs deal with NCC Bank for remittance disbursement". The Daily Star. 16 August 2021. Retrieved 2 October 2022.
  11. [11]
    "Probashi Kallyan Bank sets up forex booth at Dhaka airport". The Daily Star. 11 June 2022. Retrieved 2 October 2022.
  12. [12]
    "Probashi Kallyan Bank gets new MD". The Daily Star. 8 September 2022. Retrieved 2 October 2022.
  13. [13]
    "Mazibur joins Probashi Kallyan Bank as MD". New Age. Retrieved 2 October 2022.
  14. [14]
    "Zahidul joins RAKUB as MD". New Age. Retrieved 2 October 2022.


Stub icon

This Bangladesh-related article is a stub. You can help Wikipedia by expanding it.
Share this article:

This article uses material from the Wikipedia article Probashi_Kallyan_Bank, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.