Karmasangsthan Bank () () is a specialised government owned bank in Bangladesh. The bank was founded to finance the unemployed to set up small enterprises.
and the
Probashi Kallyan Bank
Probashi Kallyan Bank is a state-owned bank in Bangladesh, a specialized financial institution for non-resident Bangladeshis.
History
The Bank was started in 2010 by the Government of Bangladesh to provide financial services to oversea Banglades ...
are two specialised banks like the Karmasangsthan Bank in Bangladesh.
MD. Nurul Amin is the present chairperson of the Karmasangsthan Bank.
History
The bank was founded in 1998 by the
Awami League In Urdu language, Awami is the adjectival form for '' Awam'', the Urdu language word for common people.
The adjective appears in the following proper names:
*Awami Colony, a neighbourhood of Landhi Town in Karachi, Sindh, Pakistan
*Awami Front, wa ...
government,
with an approved capital of 3 billion
taka
The Bangladeshi taka ( bn, টাকা, sign: , code: BDT, short form: Tk) is the currency of the People's Republic of Bangladesh. In Unicode, it is encoded at .
Issuance of bank notes 10 and larger is controlled by Bangladesh Bank, while ...
.
The Karmasangsthan Bank was established as per Karmasangsthan Bank Act No.7 of 1998.
The bank was founded to increase income of people in rural areas of Bangladesh. According to
Sahara Khatun
Sahara Khatun (1 March 1943 – 9 July 2020) was a Bangladesh Awami League politician and a cabinet minister. She was the incumbent Jatiyo Sangsad member representing the Dhaka-18 constituency, and was the presidium member of the party.
Earl ...
the bank was neglected after the
Bangladesh Nationalist Party
The Bangladesh Nationalist Party ( bn, বাংলাদেশ জাতীয়তাবাদী দল, Bangladesh Jātīyotābādī Dol; BNP) is a centre-right to right-wing nationalist, political party in Bangladesh and one of the major ...
came to power.
Dewan Mujibur Rahman was appointed managing director of Karmasangsthan Bank in September 2004.
In August 2007, Karmasangsthan Bank donated 416 thousand taka to the Chief Adviser's Relief and Welfare Fund.
The highest interest rate charged by the bank in 2010 was 10 per cent.
Maniruzzaman Khandker, tax advisor to Prime Minister
Sheikh Hasina
Sheikh Hasina Wazed (''née'' Sheikh Hasina ; ; bn, শেখ হাসিনা ওয়াজেদ, Shēkh Hasinā, , born 28 September 1947) is a Bangladeshi politician who has served as the Prime Minister of Bangladesh, Prime Minister ...
and director of
Midland Bank Limited
Midland Bank Limited is a fourth generation private commercial bank in Bangladesh. Nilufer Zafarullah is chairperson of the bank. Md Ahsan-uz Zaman, is the managing director and CEO of Midland Bank Limited.
History
Midland Bank Limited was esta ...
, was the managing director of the bank in 2012.
In January 2014, Bangladesh Bank ordered Karmasangsthan Bank to not open new branches and set a series of conditions the bank must meet.
Kaniz Fatema was appointed chairman of the bank in April.
Kazi Sanaul Hoq was appointed managing director of Karmasangsthan Bank in August 2019. It provides funding to workers training institutes.
Md Tajul Islam was appointed managing director of Karmasangsthan Bank in January 2020. The government of Bangladesh announced a loan of 20 billion taka to be distributed to Karmasangsthan Bank,
Palli Sanchay Bank
Palli Sanchay Bank (), Rural Savings Bank, is a state owned bank in Bangladesh. Md. Akram-Al-Hossain is the chairman of the bank. Khondoker Ataur Rahman is the managing director of the bank.
History
On 2 July 2014, the Government of Bangladesh p ...
,
Palli Karma Sahayak Foundation
Palli Karma Sahayak Foundation or PKSF is a financial institution founded by the Government of Bangladesh to finance rural development and provide training and is located in Dhaka, Bangladesh. Dr Qazi Kholiquzzaman Ahmad is the Chairman of Palli ...
, and Probashi Kallyan Bank.
Prime Minister Sheikh Hasina said the bank was providing interest free loans to unemployed youth to start businesses in May 2021. It received part of a 15 billion taka grant from the government of Bangladesh.
Shirin Akhtar was appointed managing director of the bank in January 2022. Md Nurul Amin was appointed chairman of Karmasangsthan Bank in May 2022.
Board of directors
References
External links
Official Website
Banks of Bangladesh
Banks established in 1998
Bangladeshi companies established in 1998
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