Analyzing HR objectives of NRB Bank Ltd
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Bangladesh government only allows two types of bank to be presently operative in the country, Specialized Banks and Commercial Banks. The difference being that specialized banks only practice banking services for those who are targeted, for example, Bangladesh Krishi Bank, which only deals with the agricultural sector. However, commercial banks are entirely different because it runs under the rules and regulations set by the central bank of the country, which currently is the Bangladesh Bank. NRB Bank Ltd. is one such 4th generation private commercial bank. What makes it different from the other banks is the fact that operates with a recently invented banking structure, which runs through the funds from foreign residents. The crucial system of NRB Bank is that Non-Residential Nationals, provide the maximum amount of deposits which are eventually lent to the home country, being the home country Bangladesh itself. This report is the full picture on how the HR objectives of NRB Bank Ltd. holds the organization together. Having worked there three months directly under the HR Manager and with the help of the disciplinary and the planning manager alongside with executives and officers, I have deduced a landscape on the HR division of the Bank. Being one of the younger banks in Bangladesh, NRB Bank targets to be one of the best banks which serve the Non-Residential Nationals, a platform to have better investments into the home country. Their long-term objective is to reduce dependency on foreign direct investments, and on international financial institutes for external source of financing in Bangladesh. In the end I included a piece of my own opinions and recommendation in order to give a practical, and a primary source of information through my day-to-day job in the HR department.