10 months ago

BB shuffles tasks for deputy governors

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The Bangladesh Bank (BB), in a major move, made some changes in the responsibilities of its deputy governors on Tuesday, the BB sources said.

As part of the changes, the central bank has given the responsibilities of Foreign Reserve and Treasury Management Department, Department of Banking Inspection-4 and 7 to Deputy Governor Abu Farah Md. Nasser.

Before the reshuffle, Deputy Governor Kazi Sayedur Rahman was in-charge of these departments.

When contacted, BB Spokesperson Md Mezbaul Hoque said the central bank has made some changes in distributing portfolios of the two deputy governors.

Deputy Governor Kazi Sayedur Rahman will be in-charge of some other key units like Bangladesh Bank Training Academy, Credit Information Bureau, Debt Management Department, Security Management, and Human Resources Department-1 and 2.

Foreign Reserve and Treasury Management Department was one of the key units that came under stress because of the ongoing dollar shortfall and gradual fall in foreign currency reserve.

On the other hand, Department of Banking Inspection-7 is tasked to monitor some banks like Social Islami Bank Limited (SIBL), Al-Arafah Bank, EXIM Bank, and Union Bank. Of these, there are reports of loan-related irregularities in SIBL and Union Bank.

There are 50 departments in the central bank and four deputy governors are assigned to supervise these units.

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