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’Problems being identified for solution'

Banking performance very sound compared to other sectors: Saifur
Finance Minister M Saifur Rahman said Thursday that in the prevailing socio-economic milieu banking performance In the country was very sound compared to other sectors, reports BSS.
The Finance Minister was addressing the conference of the heads of regional and area offices of Janata Bank at a hotel in Dhaka.
Chairman of the Board of Directors of Janata Bank Imam Uddin Chowdhury and the Managing Director Taheruddin also addressed the meeting. Other members of the Board of Directors and senior officials were present.
Saifur Rahman said that the existing problems and lacunae in the banking sector were being Identified and the government would address these with great care by formulating necessary law, rules and regulations.
He said the government was determined to bring more dynamism and discipline tn banking sector.
The Finance Minister said banks should work and streamline their programmes and functions commensuratcd with the government's priority programmes like rural development and poverty alleviation.
Hq underscored the need for Increasing rural credit disbursement because the poor peasants of the country contribute 45 per cent in the gross domestic products (GDP) and they should be supported more In their efforts, he stressed.
Saifur Rahman underlined the Importance of the market economy and observed that the private sector should be conscious of its social responsibilities.
He said ensuring social Jus ticc was 'our constitutional obligation' and the present government was firmly committed to ensuring social Jus-tice-.by bringing discipline in administration and resource allocation and utilisation; Nobody would be allowed to
plunder public money, he stressed. •
The Finance Minister called upon the bankers to protect and safeguard I he people's deposit ana streamline the funds towards public welfare and development activities by best application of prudence cou pled with dynamism and vl ston.
He said the country would have to be freed from default culture for enabling the financial Institutions Io grow stronger and play their due role in the process of socioeconomic emancipation.
Saifur Rahman said for the first lime In Bangladesh the bank Interest policy had been freed. He urged the bank authorities not to maintain a high trend 1n fixing the interest rate but to maintain a standard so that the banking sector Itself could earn profit through Intra sector competition.
He stressed on modern banking system and sold that government would make arrangements for sending mld-
level bank managers for training abroad on modem banking. About private sector banks he said they should assume more public responsibility and held the nation.
Janata Bank as on March last disbursed Taka 247 crore 29 lakh as rural credit which was Taka 218.63 crore during last corresponding period. During the same period the bank advanced Taka 1002 crore 64 lakh for Import which was Taka 782.78 crorc during the corresponding period last year.
In export sector, the bank disbursed Taka 590.93 crorc against Taka 498.30 crore last year during the same period while In wage earners remittance the bank paid Taka 81.15 crore against Taka 79.81 crore 1n the corresponding period of last year.
Janata Bank has an approved capital of Taka 800 crore and the paid off capital plus reserve fund comprises Taka 103.81 crore.