After the birth of Bangladesh, Central Bank of Bangladesh was established within a very short span of time. It was a prime necessity for a newly born country due to maintain its financial activities. Some state owned Banks were renamed as per our cultural requirements. To adjust the demands of this highly sensitive sector it was reshaped on some crucial decisions. Since 1981, the process was as usual and no mentionable turn or twist was made. In 1981 the first private bank Arab-Bangladesh Bank Ltd was established and at the end of the year i.e., on 31st December 1981 it was incorporated. This bank has become firsts of many firsts. After this historical move, the most important event of banking sector was the incorporation of Islamic Bank Bangladesh ltd. It was established in 1983 and incorporated on 13th March of the same year. This bank was first of its kind in Bangladesh as it was based on Islamic sharia. Then during the last three decades a good number of private banks were established in different phases. Now there are al least 63 banks in operation in our banking sector which have a significant amount of deposit and loans and advances. The total deposited collected by our banking sector is Tk. 8,12,755 crore and total loans and advances made by our banking sector is Tk.8,57,312 crore.
Though the figures are satisfactory but question always comes from a specific corner and it is nothing but loans and advances. The reality is in such a condition that a layman can understand the fact. Even a rickshaw puller is aware that the big guns of the country is amassing their pile through molesting banking sector in broad day light and the only way is getting loan from the banking sector and not to make repayment. The equation is easy but it is not all. We can easily calculate the total amount of our default loans and advances. But the most dangerous issue lies in another. The amount of the loans and advances we claim is it really represents the amount or the real demand of the market. Never. Suppose a party for a specific bank takes the decision of changing its current bank. it gets a new loans and advances limit from its new bank and the limit is significantly higher than its previous bank. We all know nothing is added to its business but an excess amount is provided to him due to some hideous reasons banks know. Shame on us. We only increase the volume without any rational considerations. May be there are some beneficially for every shifting but the economy is getting the wrong information as well as mismatch of the fund. no one is concerned due to ill competition among the banks but they hampers a lot to the total banking sector. No bank is outside this harm and after a long period mismatches now the loopholes and pitfalls are visible. Most of the banks of our banking sector suffering from this though they are repairing their financial statements with a perfect hand.
This ill motif creates further complexity. The culprits always remain under disguise and the asset of our national economy is robbed without any fear and tension. They know it well that the bankers will save them due to their own sake. So, culture of bank loan defaulting is a common phenomena in our country. No significant punishment is there for their heinous activities as they are socially acclaimed and financially just like at street bully. So nothing to say. The society as well as the state is nourishing them with proper care. The bankers, the poor job holder, in order to get petty benefit, is hiding them and helping them to commit further crime. So what is significant is to take the issue under consideration before making further loans and advances. We should think it twice before any action. Are we going to create a solid asset or a further mismatch?
Though the figures are satisfactory but question always comes from a specific corner and it is nothing but loans and advances. The reality is in such a condition that a layman can understand the fact. Even a rickshaw puller is aware that the big guns of the country is amassing their pile through molesting banking sector in broad day light and the only way is getting loan from the banking sector and not to make repayment. The equation is easy but it is not all. We can easily calculate the total amount of our default loans and advances. But the most dangerous issue lies in another. The amount of the loans and advances we claim is it really represents the amount or the real demand of the market. Never. Suppose a party for a specific bank takes the decision of changing its current bank. it gets a new loans and advances limit from its new bank and the limit is significantly higher than its previous bank. We all know nothing is added to its business but an excess amount is provided to him due to some hideous reasons banks know. Shame on us. We only increase the volume without any rational considerations. May be there are some beneficially for every shifting but the economy is getting the wrong information as well as mismatch of the fund. no one is concerned due to ill competition among the banks but they hampers a lot to the total banking sector. No bank is outside this harm and after a long period mismatches now the loopholes and pitfalls are visible. Most of the banks of our banking sector suffering from this though they are repairing their financial statements with a perfect hand.
This ill motif creates further complexity. The culprits always remain under disguise and the asset of our national economy is robbed without any fear and tension. They know it well that the bankers will save them due to their own sake. So, culture of bank loan defaulting is a common phenomena in our country. No significant punishment is there for their heinous activities as they are socially acclaimed and financially just like at street bully. So nothing to say. The society as well as the state is nourishing them with proper care. The bankers, the poor job holder, in order to get petty benefit, is hiding them and helping them to commit further crime. So what is significant is to take the issue under consideration before making further loans and advances. We should think it twice before any action. Are we going to create a solid asset or a further mismatch?
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