Krishi Bank is a fully government owned bank in Bangladesh founded in 1973. The primary purpose of the bank is to provide services to farmers and agricultural industry.[1] Rajshahi Krishi Unnayan Bank is the other state owned agriculture bank in Bangladesh.[2][3]
 | |
| Company type | Government owned |
|---|---|
| Industry | Banking |
| Founded | 1973 and Dhaka, Bangladesh |
| Headquarters | Dhaka, Bangladesh |
Key people | Md. Nasiruzzaman (Chairman) MD. Shawkat Ali Khan (Managing Director) |
| Products | Banking services Consumer Banking Corporate Banking Investment Banking |
 | |
| Website | Bangladesh Krishi Bank |
History
editKrishi Bank was established in 1973.[4]
Krishi Bank is one of six state owned banks in Bangladesh.[5] In 2006, the bank was ordered to ensure 2 per cent interest on loans to farmers.[6] On 16 November 2006, M Fazlul Haque was appointed managing director of the Bank.[7]
On 30 January 2008, Khondkar Ibrahim Khaled was appointed chairman of the Bangladesh Krishi Bank and Md Mukter Hussain was appointed the managing director of Bangladesh Krishi Bank.[8][9] In 2009, it had 952 branches which is the highest number of branches for banks in Bangladesh.[10]
The bank was asked to stop providing loans to non-agricultural purposes.[11] The Bank provided 19.26 billion taka loans for non-agricultural purposes from 2010 to 2013.[11]
In December 2014, four Bangladesh Krishi Bank officials have faced investigations from the Anti-Corruption Commission.[12] The four were accused of providing a fraudulent loan to restaurateur Wahidur Rahman, owner of Firoz Group, for 1.52 billion taka.[12][13]
In 2015, the Bangladesh Krishi Bank incurred a loss of 1589.3 million taka.[14] The Bank worked with the Department of Agricultural Extension in Netrokona District to provide loans to Boro rice Cultivators.[15] The Moulvibazar branch of the bank was robbed of over 600 thousand taka.[16]
On 23 November 2016, Muhammad Awal Khan was appointed managing director of Bangladesh Krishi Bank.[17]
In November 2017, Anti Corruption Commission sued six including three officers of the bank for embezzling 4.3 billion taka with the owners of M/S RN Sweaters.[18]
Anti-Corruption Commission sued 6 officials of Bangladesh Krishi Bank and Wahidur Rahman in August 2018 for embezzling 1.52 billion taka from 2009 to 2013.[13]
Justices M Enayetur Rahim and Sardar Md Rashed Jahangir asked the bank to explain why the bank had waived 480 taka interest on a loan to businessman and Bangladesh Nationalist Party politician Abbas Ali in May 2021.[19] It was one of nine banks making a loss in the first quarter of 2021 in Bangladesh.[20] It had the highest loss at 7.74 billion taka.[20] The other banks were BASIC Bank Limited, Bangladesh Commerce Bank Limited, Bangladesh Development Bank, ICB Islamic Bank, Meghna Bank, NRB Bank, Padma Bank Limited, and Rajshahi Krishi Unnayan Bank.[20] On 16 August, Shirin Akhter was appointed managing director of the bank.[21] After Shirin retired, she joined the Karmasangsthan Bank in December 2021.[22]
Bangladesh Krishi Bank asked for deposits from State owned enterprises.[23] In June 2022, it had the highest capital shortfall in Bangladesh with 128.77 billion taka.[24] It received an appreciation letter for distributing loans from the Bangladesh Bank.[25] The Bank donated 10 million taka to the relief fund of Prime Minister Sheikh Hasina.[26]
Board of directors
edit| Name | Position | Reference |
|---|---|---|
| Md. Nasiruzzaman | Chairman | [27] |
| Md. Shawkat Ali Khan | Managing Director | [27] |
| Md. Hamidur Rahman | Director | [27] |
| Mrityunjoy Saha | Director | [27] |
| Tahmid Hasnat Khan | Director | [27] |
| Abdus Salam | Director | [27] |
| Benojir Alam | Director | [27] |
| Kazi Mohammad Nozre Moin | Secretary | [27] |
References
edit- ^ "About Us". krishibank.org.bd. Archived from the original on 2016-01-05. Retrieved 3 February 2016.
- ^ Uddin, AKM Zamir (2020-11-26). "BKB, Rakub asked to reduce default loans, boost capital base". The Daily Star. Retrieved 2022-11-09.
- ^ "Rural businesses, farmers hit by lack of finance". The Daily Star. Retrieved 2022-11-09.
- ^ "BKB AT A GLANCE - Bangladesh Krishi Bank". www.krishibank.org.bd. Retrieved 2022-11-09.
- ^ "State-owned banks in Bangladesh cut interest rates". bdnews24.com. Retrieved 3 February 2016.
- ^ "Ensure 2pc lending rate for Rabi crop farmers". The Daily Star. Retrieved 2022-11-09.
- ^ "New MD of Krishi Bank". The Daily Star. Retrieved 2022-11-09.
- ^ "Krishi Bank gets new chairman, MD". The Daily Star. 2008-01-30. Retrieved 2022-11-09.
- ^ Rashid, Mamun (2011-05-05). "Sorry Mr. Ibrahim Khaled!". The Daily Star. Retrieved 2022-11-09.
- ^ Rahman, Sajjadur (2009-08-15). "Krishi Bank to go more commercial". The Daily Star. Retrieved 2022-11-09.
- ^ a b "Govt orders Krishi Bank to stop giving loans for non-agricultural purposes". bdnews24.com. Retrieved 3 February 2016.
- ^ a b "ACC grills 4 Krishi Bank officials over embezzlement". The Daily Star. Retrieved 3 February 2016.
- ^ a b "Graft Case: Six former bank officials sent to jail". The Daily Star. 2019-02-21. Retrieved 2022-11-09.
- ^ "Tk 1 crore or more in 1.14 lakh accounts". The Daily Star. Retrieved 3 February 2016.
- ^ "Massive Boro cultivation in Netrakona". The Financial Express. Dhaka. Archived from the original on 20 December 2016. Retrieved 3 February 2016.
- ^ "Moulvibazar Krishi Bank branch robbe". bdnews24.com. Retrieved 3 February 2016.
- ^ "New managing director for Bangladesh Krishi Bank". The Daily Star. 2016-11-23. Retrieved 2022-11-09.
- ^ "Loan scam: Ex-Krishi Bank DGM lands in jail". The Daily Star. 2017-11-28. Retrieved 2022-11-09.
- ^ "HC wants documents of Krishi Bank's Tk 48 crore interest waiver for BNP leader". The Daily Star. 2021-05-24. Retrieved 2022-11-09.
- ^ a b c Uddin, AKM Zamir (2021-06-02). "Nine banks incur net losses in Q1". The Daily Star. Retrieved 2022-11-09.
- ^ "Shirin MD of current charge at Krishi Bank". The Daily Star. 2021-08-16. Retrieved 2022-11-09.
- ^ "Shirin becomes Karmasangsthan Bank MD". New Age. Retrieved 2022-11-09.
- ^ "Krishi Bank seeks deposits from state entities". The Financial Express. Retrieved 2022-11-09.
- ^ Uddin, AKM Zamir (2022-06-09). "Ten banks face capital shortfall of Tk 27,051cr". The Daily Star. Retrieved 2022-11-09.
- ^ "Bangladesh Krishi Bank receives appreciation letter from BB governor". The Business Standard. 2022-05-18. Retrieved 2022-11-09.
- ^ "Bangladesh Krishi Bank donates Tk1cr to PM's Relief & Welfare Fund". The Business Standard. 2022-07-07. Retrieved 2022-11-09.
- ^ a b c d e f g h "Board of Directors - Bangladesh Krishi Bank". www.krishibank.org.bd. Retrieved 2022-11-09.
