Grameen Bank

Grameen Bank (Regulation of Directors) rules are being revised again. This year the third round of amendment to the rules is t
According to the finance ministry sources, new initiatives have been taken in the light of the letter written by Grameen Bank Chairman Khandker Mozammel Haque, in a letter to Finance Minister Abul Maal Abdul Muhith demanding amendment in the rules.

Khandaker Mozammel Haque said in the letter, "If the approval of the rules, sub-ordinances, the director can be selected at the earliest time and the current problem may be a simple solution." As a result, the board of directors of Grameen Bank will be formed through the election of directors.

In the present rules, the officials of the Bangladesh Bank and various scheduled banks have been asked to perform their duties as Returning Officer, Assistant Returning Officer, Presiding Officer, Assistant Presiding Officer. According to financial institutions department sources, the idea of taking responsibility for the responsibilities of Grameen Bank officials in these areas is underway.

When asked about the financial affairs department's secretary Yunusur Rahman at the first light, he said, "There has been a meeting of the Intercontinental and we are preparing a draft to amend the rules." He did not want to say anything beyond that.

The government formulated the Grameen Bank (Directors Election) Rules and in April 2014. In this, Bangladesh Bank was given the responsibility of holding director elections within six months. The question was raised from the various sources that through this government initiative, the politics of rural banking is in danger.

Meanwhile, before the passing of six months, the then governor Atiur Rahman spoke of the inability to perform the duties of the election, and the Finance Minister informed the Finance Minister. In November of the same year, the Finance Ministry's Financial Institutions Division issued a declaration that instead of Bangladesh Bank, a retired district Judge will select the commission headed by the judge. The Financial Institutions Division adopts some strategies during this time and says that the elections will be held within one year of the formation of the commission.

This span has been cut for three years. The commission was not formed, the election was not held. In the meantime, the term of the term of the term of Grameen Bank's board members ended in February 2015. Since then, Grameen Bank is going through three directors including the government-appointed chairman. The remaining 9 borrowers of the 12 member board of Grameen Bank.

After two and a half years, chairman Khandaker Mozammel Haque asked the finance minister to take initiative for an amendment to the Grameen Bank (Directors) Rules. The Finance Minister then held a meeting with the concerned people in the first week of August. In continuation of this, the inter-ministerial meeting was held this month under the leadership of Financial Institutions Division. Ministry of Law, Justice and Parliamentary Affairs, Public Administration Ministry, Bangladesh Bank, Cabinet Division, Finance Division and Grameen Bank officials were present at the meeting.

Grameen Bank Chairman Khandaker Mozammel Haque said in the letter, "Because the Election Commission is not formed according to the rules, it is not possible to choose the director of the board of directors of a statutory financial institution like Grameen Bank, which we do not wish for. If a financial institution does not have a long-term full board, many important things are stuck and the overall activities are interrupted by the orderly arrangement. '

According to Grameen Bank (Director's Election) Rule 5 (1), the demands of the directors of the elected directors are in force. The writ petition is filed by the bribe directors, which are not yet resolved.

There is no full board of directors. For more than six years, a full-time managing director (MD) has not been appointed for Grameen Bank. The last full responsibility was the Nobel laureate. Muhammad Yunus