Managerial development activities of RAKUB with special reference to Dhaka corporate branch : a critical appreciation
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RAKUB is the largest development partner in the North West region. Its contribution to the overall development of agriculture is highly satisfactory through increasing agricultural credit, financing agri-business and agro-based industries, poverty alleviations programs. Total credit operation, 60% is for crop production. Major strength of RAKUB is that talent manpower, good working environment fair recruitment procedures and training facilities, adequate employee facilities, cordial management relation. The Bank has also contributed a lot in achieving the Millennium Development Goals and for the achievement of Sustainable Development Goals. Perspective plans are made to reduce classified loans, encourage financing in the agricultural and industries leakage concerns, information of our live banking, branch computerization, and foreign exchange barriers and build up sound fund position. Performance of the corporate branch is also encouraging due to sincere managerial efforts of both Head office and concerned Branch. Credit flow of the bank Increased significantly over the recent few years as Rajshahi Krishi Unnayan Bank, established for real development of agriculture, agro-based activities and Socio-economic condition of the people of north-west region of the country started diversifying credit portfolio on area-based agricultural activities, agriculture industrial linkage activities, financing in SMEs and some other new products in addition to its main 'field of performance like financing to boost-up food production of the country, development of fishery and live-stock sectors, establishment of agro-based industries and carrying on poverty alleviation credit programs. As per policies approved by the Board all out steps were undertaken by the bank management for recovery of all types of overdue loan which resulted in desired amount of classified loan recovery during the year under report. Stable liquidity position is inevitable for the bank to provide speedy credit support to the farmers, entrepreneurs and also to meet the demand of the Depositors. Keeping this in consideration, the bank authority look effective measures for timely recovery of bank's dues, introduced new deposit schemes and as a part of financial inclusion emphasized opening more new deposit accounts and all these attempts resulted in significant increase in total deposits at the end of the year. Introduction of credit scheme for the youths seeking overseas employment created scope of managing financial support essential for going abroad, facilitated foreign currency earning and also contributes to raise bank's deposit through inward remittance. As a state owned specialized bank RAKUB has to adhere to Corporate Social Responsibility and, as such, The authority has introduced special credit programs at a lower rate of interest for the freedom fighters, family of Shahid freedom fighters and aborigines people and ever unattended helpless masses of the society knowing well, that these credit programs would not contribute to profit earning but would play important role in creating scope of new employment and poverty reduction in this part of the country. The Bank authority were also suggested to emphasize financing in environment friendly activities like installation of solar energy panels, setting up bio-gas plants and effluent treatment plants, automatic brick fields etc.