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Separate pay scales for BB, state banks by June: Muhith

Finance Minister AMA Muhith yesterday pronounced apart pay scales for a staff of Bangladesh Bank as great as state-owned blurb banks would be finalised by June.

The declaration came after prolonged dithering over a issue.

“I am guilty for it (the delay),” Muhith told reporters during his secretariat bureau after a assembly with officials of a state banks.

The executive bank has finished a suggest upon a apart pay scale, whilst a state banks have rebuilt another. The cupboard shaped by a supervision has rebuilt nonetheless an additional proposal, a apportion said. A have up will be finalised formed upon a 3 proposals, he said.

During a prior BNP rule, an commencement was taken to give a apart compensate scale for a staff of a executive bank as great as state banks underneath a promissory note zone remodel programme.

Dr Fakhruddin Ahmed, a afterwards administrator of a executive bank, pursued a supervision for long, though any success. Even when he became a arch confidant of caretaker government, his try unsuccessful due to clever antithesis from supervision officials.

After a benefaction supervision came to power, Muhith affianced that a apart compensate scale would be in place, following warning by Bangladesh Bank Governor Atiur Rahman.

A cupboard led by a cupboard cabinet member scrutinised a dual proposals finished by a executive bank as great as a state banks as great as it has been with a financial method for all this time.

At yesterday’s assembly with a chairmen as great as a handling directors of a state banks, Muhith had a prolonged contention upon a ultimate opening as great as problems of a banks. The administrator of BB was additionally present.

The state banks presented a emanate of outrageous superb loans of supervision entities, together with Bangladesh Petroleum Corporation (BPC).

According to financial method statistics, a supervision institutions superb loans to a state banks stood during Tk 30,939 crore up to Jan 2012. Of a amount, BPC alone owes some-more than Tk 17,000 crore.

Muhith pronounced a series of decisions were taken in a assembly about amends of a loans. The supervision institutions will have to yield a banks with transparent amends schedules when opening letters of credit.

The apportion pronounced a institutions would go upon to deposition unfamiliar banking to a banks’ accounts upon schedule.

According to an existent policy, a supervision institutions will deposition 75 percent of their supports to state blurb banks though many institutions have not been starting by a rule, he said.

“The process will be particularly reinforced.”

Muhith pronounced a supervision institutions have additionally been augmenting a rate of seductiveness upon deposits tactfully. It will be stopped, he said.

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