BB to block funds of 10 banks

61
56

Asianbangla, Dhaka : The central bank will take punitive actions against 10 private banks for failing to attain their farm loan disbursement target in the last fiscal year.

The banks are AB Bank, First Security Islami Bank, Meghna Bank, Modhumoti Bank, NCC Bank, NRB Global Bank, Shimanto Bank, South Bangla Agriculture and Commerce Bank, Farmers Bank and Union Bank.

As a punishment, the Bangladesh Bank will block 3 percent of the undisbursed farm loan amount of the banks from their current accounts with the BB.

A BB official told reporter yesterday that the central bank would return the fund to the respective banks if they can distribute the undisbursed amount along with the fresh targets in the next two fiscal years.

The banking regulator, however, does not return the blocked funds if banks fail to disburse the amount within two fiscal years.

No interest is given to banks for their blocked funds.

AB Bank disbursed 81.96 percent of its farm lending target in 2017-18, according to data from the central bank.

First Security Islami Bank distributed 54.78 percent of the disbursement goal, Meghna Bank disbursed 57.49 percent, Modhumoti Bank 8.69 percent, NCC Bank 30.99 percent, NRB Global 41.13 percent, Shimanto Bank 2 percent, South Bangla Agriculture and Commerce Bank 50.24 percent, Farmers Bank 1.36 percent and Union Bank 27.95 percent.

The central bank will block the fund this month and will not serve any show-cause notice. The banks will be notified after the fund is blocked.

Bangladesh Development Bank and Sonali Bank also failed to reach their farm loan lending target. They, however, will not face any action, as the BB has exempted the state-run specialised and commercial banks since they are already burdened with the responsibility of providing various voluntary services to the public.

The central banker said that the BB had earlier warned the private banks of punitive actions if they fail to lend against the target.

Some of these 10 banks faced acute liquidity crisis in the last fiscal year, resulting in their failure to meet the target, said an official of a commercial bank wishing anonymity.

The rest, however, showed negligence in disbursing the farm loans, breaching the central bank’s rules, he said.

Farm loan disbursement, however, rose 1.88 percent year-on-year to Tk 21,393 crore in 2017-18.

The central bank has set a Tk 21,800 crore farm loan disbursement target for the current fiscal year, up 6.86 percent from a year ago.

As per the BB policy, banks have to distribute at least 2 percent of their total loans in the agricultural sector.

Comments

RELATED ARTICLESMORE FROM AUTHOR

61 COMMENTS

  1. Thanks so much for giving everyone remarkably memorable opportunity to read critical reviews from this website. It really is so brilliant and as well , jam-packed with a great time for me and my office co-workers to visit your blog a minimum of 3 times in one week to find out the new stuff you have got. Not to mention, I am at all times contented with your great tactics you give. Selected 1 tips on this page are basically the very best we’ve had.

  2. I must point out my admiration for your kind-heartedness in support of folks that really want help with the concept. Your very own dedication to passing the solution along had been surprisingly significant and has always allowed folks just like me to achieve their dreams. This valuable advice denotes so much a person like me and extremely more to my peers. Best wishes; from everyone of us.

  3. I have to express my love for your kind-heartedness giving support to folks who require help with this one matter. Your special commitment to getting the message around had become rather insightful and have surely empowered guys and women just like me to reach their dreams. Your amazing insightful information implies a lot a person like me and a whole lot more to my office workers. Thanks a ton; from all of us.

  4. I in addition to my guys were actually studying the good hints located on the blog then suddenly developed an awful feeling I had not thanked the web blog owner for those secrets. My boys had been joyful to read through them and have in effect certainly been having fun with those things. Many thanks for really being simply helpful and also for having these kinds of magnificent resources millions of individuals are really wanting to know about. My personal sincere regret for not expressing gratitude to earlier.

  5. I not to mention my buddies have been examining the best strategies located on your web page and so quickly developed a terrible feeling I never expressed respect to the web site owner for those secrets. All of the boys had been so stimulated to read all of them and already have honestly been using them. Thanks for getting quite helpful and also for settling on some incredible topics millions of individuals are really desirous to be aware of. My very own honest regret for not expressing appreciation to you earlier.

  6. Thanks for all your valuable labor on this web site. My aunt takes pleasure in engaging in investigation and it is simple to grasp why. All of us hear all regarding the lively method you give practical tactics on the website and in addition encourage response from visitors on this area of interest plus our girl is without a doubt discovering a whole lot. Take advantage of the remaining portion of the new year. You are always performing a fantastic job.

  7. I would like to express thanks to you just for bailing me out of this particular difficulty. Just after looking out through the world wide web and coming across thoughts which were not productive, I thought my entire life was gone. Existing devoid of the answers to the difficulties you’ve sorted out as a result of your good short post is a serious case, as well as ones that would have adversely affected my career if I had not encountered your web blog. Your own natural talent and kindness in handling every item was invaluable. I am not sure what I would’ve done if I hadn’t discovered such a solution like this. I am able to at this time look forward to my future. Thank you so much for this skilled and amazing guide. I will not be reluctant to recommend the sites to anybody who would like guidelines on this issue.

  8. I and my guys were actually reviewing the best information and facts on the blog and instantly I had a horrible feeling I had not expressed respect to the website owner for those strategies. Most of the men came for that reason joyful to study them and have in effect in truth been loving them. Appreciation for really being really helpful as well as for selecting these kinds of outstanding tips millions of individuals are really eager to know about. My very own honest regret for not saying thanks to you sooner.

  9. I happen to be commenting to make you be aware of of the wonderful discovery my cousin’s princess gained going through your site. She came to understand so many things, most notably what it’s like to have a very effective teaching mood to get folks quite simply learn about some tortuous things. You undoubtedly did more than our own desires. Many thanks for imparting those priceless, healthy, explanatory and in addition cool thoughts on the topic to Tanya.

  10. I am only writing to make you know what a incredible encounter my princess obtained reading your web site. She discovered plenty of pieces, which included what it is like to have an excellent helping spirit to have men and women just fully understand a variety of tortuous subject areas. You undoubtedly exceeded people’s desires. Thank you for producing those beneficial, safe, explanatory as well as cool thoughts on that topic to Lizeth.

  14. My wife and i felt so fortunate that Chris could complete his web research while using the ideas he was given from your web site. It’s not at all simplistic to just continually be giving away tricks that other folks might have been trying to sell. And now we understand we need the writer to appreciate for this. The entire illustrations you’ve made, the easy blog navigation, the friendships you assist to foster – it’s many astonishing, and it is assisting our son and us reckon that that situation is exciting, which is incredibly fundamental. Thank you for everything!

  15. I have to show my respect for your kindness in support of those people who should have help on this particular subject matter. Your special commitment to passing the solution all through had become particularly powerful and have specifically made guys like me to get to their desired goals. Your new insightful instruction signifies a great deal to me and far more to my colleagues. Best wishes; from all of us.

  17. I just wanted to type a simple remark in order to thank you for the nice concepts you are showing here. My long internet investigation has at the end been paid with pleasant content to share with my visitors. I would suppose that many of us site visitors actually are very lucky to be in a perfect network with very many wonderful professionals with good plans. I feel pretty blessed to have seen your web site and look forward to some more amazing times reading here. Thanks a lot once again for a lot of things.

  18. Thank you so much for providing individuals with an extremely nice chance to read critical reviews from this site. It is often so superb and also jam-packed with amusement for me and my office acquaintances to search the blog particularly three times a week to find out the latest things you have got. And lastly, I’m just at all times pleased with your cool methods served by you. Certain 2 ideas on this page are undoubtedly the simplest we have ever had.

  20. My wife and i have been so lucky when Raymond managed to finish off his preliminary research while using the ideas he came across using your site. It is now and again perplexing to simply always be handing out tricks the others have been making money from. And now we take into account we have got the website owner to be grateful to for this. Those illustrations you made, the simple blog menu, the friendships you can give support to engender – it’s everything great, and it’s helping our son in addition to the family consider that that issue is amusing, and that is extremely indispensable. Many thanks for the whole thing!

  21. A lot of thanks for your own hard work on this blog. My daughter really likes going through investigation and it is easy to understand why. I learn all concerning the compelling ways you produce very helpful suggestions by means of your web blog and even invigorate contribution from others about this concern while my princess has always been understanding so much. Enjoy the rest of the new year. You are always performing a terrific job.

  22. My husband and i felt quite contented Emmanuel managed to round up his web research with the precious recommendations he obtained while using the weblog. It’s not at all simplistic to just continually be giving for free ideas which often the others could have been trying to sell. We discover we’ve got the blog owner to be grateful to for that. The specific illustrations you have made, the easy blog menu, the friendships you will assist to promote – it is all exceptional, and it is facilitating our son and the family feel that the article is interesting, and that is especially pressing. Many thanks for all the pieces!

  23. I actually wanted to type a simple word so as to express gratitude to you for those marvelous tips you are giving out at this website. My extensive internet look up has at the end been rewarded with high-quality details to exchange with my two friends. I would mention that many of us readers are unquestionably blessed to exist in a fabulous place with so many brilliant people with great strategies. I feel very much grateful to have encountered your entire webpages and look forward to tons of more cool times reading here. Thanks a lot once more for a lot of things.

  24. I want to express my appreciation to this writer for rescuing me from this particular setting. Just after scouting throughout the internet and getting things which were not helpful, I thought my entire life was gone. Living without the presence of strategies to the difficulties you have fixed by means of your good site is a serious case, as well as those which may have in a negative way affected my career if I hadn’t encountered your site. Your skills and kindness in dealing with everything was precious. I don’t know what I would’ve done if I hadn’t come upon such a point like this. I’m able to now look ahead to my future. Thanks a lot very much for this specialized and effective guide. I will not think twice to endorse your site to any person who requires guidance on this problem.

  25. I wish to express my appreciation to this writer for rescuing me from this particular difficulty. Just after looking through the world wide web and finding methods which are not pleasant, I assumed my entire life was over. Being alive without the presence of solutions to the problems you have sorted out as a result of your good posting is a critical case, and the ones which might have negatively damaged my entire career if I hadn’t come across your blog post. Your primary capability and kindness in playing with a lot of stuff was important. I’m not sure what I would’ve done if I had not come across such a stuff like this. I can at this time relish my future. Thanks for your time very much for your specialized and sensible guide. I will not think twice to propose your web site to any person who desires guidelines on this problem.

  26. I am just writing to make you know what a remarkable discovery my cousin’s girl encountered using your web site. She mastered plenty of details, with the inclusion of what it is like to have a great coaching spirit to let the mediocre ones with ease thoroughly grasp some problematic subject matter. You actually surpassed visitors’ expectations. I appreciate you for producing such warm and friendly, healthy, revealing and also unique tips on that topic to Sandra.

  27. I must express some appreciation to you just for bailing me out of this situation. Right after surfing throughout the world-wide-web and obtaining principles which are not powerful, I was thinking my entire life was gone. Existing without the strategies to the problems you’ve solved by way of this post is a serious case, as well as the kind that might have negatively affected my entire career if I had not come across your blog. The natural talent and kindness in handling all the pieces was vital. I am not sure what I would’ve done if I hadn’t come across such a stuff like this. I’m able to at this point look forward to my future. Thanks so much for your specialized and sensible guide. I won’t think twice to endorse the sites to any individual who requires support on this area.

  28. My wife and i got very delighted Emmanuel managed to complete his researching because of the ideas he had in your blog. It’s not at all simplistic just to possibly be giving freely points which usually other folks may have been selling. And now we consider we have the blog owner to appreciate for this. The entire explanations you made, the simple site menu, the friendships you will make it possible to create – it’s most great, and it’s really making our son and us reckon that this idea is excellent, which is seriously fundamental. Many thanks for all the pieces!

  29. I wanted to send a brief comment to say thanks to you for all of the amazing suggestions you are showing at this website. My particularly long internet search has finally been paid with reliable ideas to talk about with my companions. I would assume that most of us visitors actually are very lucky to exist in a perfect place with so many special people with beneficial tips and hints. I feel pretty privileged to have encountered the web pages and look forward to so many more fun moments reading here. Thanks a lot once again for everything.

  30. Needed to compose you one bit of word to help give many thanks as before on the breathtaking methods you’ve shown above. It is quite incredibly open-handed of people like you to grant extensively precisely what a number of us might have offered for sale as an electronic book to help with making some dough for themselves, most importantly since you might have tried it in the event you considered necessary. The points also acted to be the great way to realize that most people have similar fervor like my very own to know lots more with regard to this condition. I’m certain there are many more pleasant times in the future for individuals that discover your blog.

  31. I precisely desired to thank you very much once more. I do not know the things that I might have undertaken in the absence of the advice discussed by you concerning such a industry. It truly was a real fearsome circumstance in my position, however , observing a new well-written style you treated it forced me to jump for contentment. I’m grateful for this assistance and thus hope that you really know what a great job that you are doing teaching people today via your web page. I am sure you have never come across all of us.

  32. I truly wanted to construct a simple message to be able to express gratitude to you for all the marvelous ideas you are placing here. My time-consuming internet look up has at the end of the day been paid with brilliant insight to share with my best friends. I would state that that many of us readers actually are really endowed to dwell in a great website with very many awesome individuals with insightful hints. I feel rather privileged to have seen your entire web pages and look forward to some more excellent moments reading here. Thanks again for a lot of things.

  33. Thank you a lot for providing individuals with an extraordinarily brilliant opportunity to read in detail from this website. It’s always very awesome and jam-packed with fun for me and my office friends to search your web site really thrice a week to study the newest tips you have. And lastly, we’re certainly fascinated with all the mind-blowing tactics you serve. Selected 2 facts in this post are unequivocally the finest I have had.

  34. I would like to express my appreciation to you just for rescuing me from this type of instance. Because of checking through the world-wide-web and seeing ways which are not beneficial, I believed my entire life was well over. Existing without the presence of approaches to the difficulties you’ve fixed as a result of the blog post is a critical case, as well as ones which might have negatively affected my career if I hadn’t discovered your blog. Your personal capability and kindness in controlling all the things was vital. I don’t know what I would’ve done if I had not discovered such a subject like this. I can now look forward to my future. Thanks for your time so much for your expert and results-oriented guide. I will not be reluctant to refer your web page to anyone who should get assistance on this problem.

  35. I simply wanted to construct a small message to thank you for some of the stunning tricks you are writing here. My long internet look up has at the end been rewarded with reputable ideas to share with my two friends. I ‘d believe that we website visitors actually are quite blessed to exist in a fabulous place with many perfect professionals with good things. I feel quite fortunate to have encountered your entire webpages and look forward to many more brilliant times reading here. Thanks a lot once more for a lot of things.

  36. A lot of thanks for all your valuable hard work on this web site. My aunt takes pleasure in making time for investigations and it is obvious why. Most people notice all regarding the dynamic mode you convey rewarding items through this website and even invigorate response from others on that article while our favorite child has been starting to learn a lot. Have fun with the remaining portion of the year. You are conducting a dazzling job.

  37. I wanted to draft you a tiny remark so as to say thank you as before just for the stunning solutions you have provided in this article. It has been so extremely generous of people like you in giving publicly all that a few people might have offered for sale for an electronic book in order to make some cash for themselves, most notably seeing that you could have done it in case you considered necessary. Those ideas likewise worked like the fantastic way to fully grasp someone else have a similar desire like my own to find out a whole lot more on the topic of this problem. I am certain there are lots of more pleasant situations up front for folks who browse through your blog post.

  38. Thanks so much for providing individuals with remarkably terrific opportunity to discover important secrets from this blog. It is usually so nice and as well , packed with fun for me and my office colleagues to search the blog at the very least three times every week to see the fresh guidance you have. And definitely, I’m usually fulfilled with your awesome tips you give. Some 3 facts in this posting are undoubtedly the most efficient we have all ever had.

  40. I have to get across my love for your kind-heartedness giving support to folks who absolutely need help on the concern. Your personal commitment to getting the solution along had become exceedingly effective and have in most cases permitted some individuals like me to reach their endeavors. Your entire informative help signifies a lot to me and far more to my office workers. Best wishes; from each one of us.

  41. I simply desired to appreciate you yet again. I’m not certain what I would have handled in the absence of these secrets revealed by you regarding my concern. It became a troublesome setting for me, nevertheless viewing your specialized avenue you handled the issue made me to leap for fulfillment. Extremely happy for this support as well as pray you realize what an amazing job you are doing training people all through your website. I’m certain you haven’t encountered any of us.

  44. I simply desired to appreciate you once again. I do not know what I would’ve created without the type of ways provided by you regarding such a subject. It was before an absolute horrifying setting in my view, nevertheless discovering a skilled approach you resolved the issue forced me to weep for contentment. I’m grateful for this work and then wish you know what an amazing job you happen to be carrying out educating some other people thru a web site. I am sure you haven’t come across all of us.

  45. Needed to draft you the very little note just to thank you yet again relating to the unique things you have featured here. This is wonderfully open-handed with you to convey without restraint all that numerous people might have advertised for an e-book in order to make some bucks on their own, chiefly now that you could possibly have done it in case you desired. Those smart ideas in addition served to become a easy way to know that some people have a similar zeal the same as my very own to understand very much more with regards to this condition. I think there are some more pleasant periods in the future for folks who go through your blog post.

  46. Needed to send you one little note in order to give thanks once again for these stunning concepts you have discussed in this article. It was really particularly generous with people like you to supply unhampered precisely what a number of people could possibly have supplied for an electronic book in order to make some money on their own, even more so since you could have done it if you ever decided. The tactics as well acted like the good way to know that someone else have similar zeal really like my very own to grasp lots more with regard to this problem. I’m sure there are lots of more pleasant occasions in the future for those who go through your website.

  47. I actually wanted to send a brief word in order to appreciate you for these unique solutions you are placing on this site. My extended internet research has now been rewarded with excellent ideas to talk about with my guests. I would believe that we website visitors actually are really blessed to be in a really good website with many lovely professionals with great guidelines. I feel really lucky to have encountered the website and look forward to really more exciting times reading here. Thanks a lot once more for everything.

  48. I simply desired to thank you very much once more. I am not sure the things that I would have done in the absence of the actual tricks shared by you about such a situation. It had been a scary case in my position, however , encountering a specialised strategy you processed it made me to cry for contentment. I will be thankful for this advice and as well , hope that you are aware of a great job you are getting into training men and women all through a web site. I am sure you haven’t met any of us.

  49. Thanks a lot for giving everyone a very memorable chance to discover important secrets from this web site. It can be very beneficial and packed with a good time for me and my office mates to search your blog at the very least thrice in a week to study the fresh stuff you have. Not to mention, I am usually satisfied concerning the superb tips and hints served by you. Some 4 points on this page are rather the very best we’ve had.

  50. Thanks for all your valuable hard work on this site. Kim takes pleasure in conducting internet research and it’s obvious why. All of us notice all of the compelling method you convey efficient steps on this web blog and in addition strongly encourage contribution from other individuals about this point while our favorite child is now discovering a great deal. Enjoy the remaining portion of the new year. You’re the one conducting a useful job.

  51. Thank you a lot for providing individuals with remarkably brilliant chance to read from this site. It is often very kind and full of a lot of fun for me and my office colleagues to visit your site at least thrice weekly to see the fresh issues you will have. Of course, I’m just at all times contented with all the fabulous tricks you give. Some two tips in this post are undoubtedly the very best I’ve ever had.

  52. I precisely had to thank you very much once more. I do not know the things I might have sorted out without the ideas documented by you about this subject matter. It had become a very scary concern for me personally, but taking note of a well-written technique you dealt with it took me to jump over gladness. Extremely thankful for the support and hope you recognize what a great job you have been accomplishing instructing many others by way of your web page. More than likely you haven’t met all of us.

  53. My spouse and i felt really glad when Michael managed to do his investigations via the precious recommendations he discovered through your blog. It’s not at all simplistic to just possibly be making a gift of strategies others have been making money from. And now we do understand we have the blog owner to be grateful to for that. The entire explanations you made, the simple website menu, the friendships you make it easier to foster – it’s many unbelievable, and it’s assisting our son in addition to our family do think the subject matter is exciting, and that is particularly pressing. Thank you for the whole thing!

  55. I simply had to say thanks yet again. I’m not certain the things I might have achieved without the pointers contributed by you about such a topic. Completely was an absolute horrifying concern for me personally, but looking at your expert approach you solved it forced me to weep with gladness. I will be thankful for this guidance and believe you find out what a powerful job you were undertaking teaching others through the use of your blog. Most probably you have never encountered all of us.

  56. I must get across my appreciation for your kind-heartedness giving support to visitors who require help with this content. Your special dedication to passing the solution throughout came to be surprisingly powerful and has specifically allowed regular people like me to get to their goals. This warm and friendly tutorial means a great deal a person like me and substantially more to my colleagues. With thanks; from each one of us.

LEAVE A REPLY

Please enter your comment!
Please enter your name here