Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Wednesday, June 20, 2018 09:02:17 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Agent banking expanding across country

By
11th-Sep-2017       
Comments
Share your thought
Post a comment »
Read all () »

Economic Reporter :
Banks are gradually expanding agent banking activates across the country as these banking services are gaining huge response from the people in remote areas.
According to Bangladesh Bank (BB) quarterly data April to June, the number of agents has increased to 1,847 from 1,755 in the first quarter in 2017 and the number of bank agent outlets has also increased to 3,224 from 3023 in the January-March quarter.
During October-December quarter 2016, the number of agents was 1,646 and the total outlets were 2,601.
During April to June period, expatriate Bangladeshis sent Taka 890.19 crore through agent banking which was Taka 572.47 crore in the first quarter.
During the period, the number of accounts with the agents has increased to 8,72,865 from 7,12,499 in the first quarter.
Agent banking is moving fast across the country, Additional Managing Director and Chief Operating Officer of Mutual Trust Bank (MTB) M Hashem Chowdhury told.
He said it is providing banking services by engaging representatives under a valid agency agreement.
Mentioning the agent banking as a great initiative of the central bank, he said a representative is the owner of an outlet who conducts banking transactions on behalf of a bank.
"Normally, a bank needs huge expenditures to open a branch. If the bank can run banking activities through agents, it will helpful both the bank and the customers," he added.
Hashem Chowdhury said MTB is providing the agent banking services, including cash deposits, withdrawals, remittance disbursement, small loan disbursement, recovery of loans, and cash payments under the government's social safety net programmes, through 27 outlets across the country.
"Till now, around 8,400 accounts have been opened while about Taka 23 crore has been deposited in the accounts," he added.
Deputy Managing Director of the Islami Bank Bangladesh Limited (IBBL) Abu Reza Mohd Yeahia said IBBL has also started agent banking as it is playing a role to take banking services to the doorsteps of common people.
"We have already received permission for five outlets. We have started services in three outlets," he added.
BB launched agent banking in 2013 by giving license to Banking Asia. A total of 17 banks have already taken licenses while 12 banks are running their activities and one more bank has started this year.
The 12 banks are Dutch Bangla Bank, Bank Asia, Al-Arafah Islami Bank, Social Islami bank, Modhumoti Bank, Mutual Trust Bank, NRB Commercial Bank, Standard Bank, Agrani Bank, First Security Islami Bank, Mid Land Bank and The City Bank.

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Death of another prosecution witness : Too difficult to accept as an accident


NO sooner had the Eid vacation come to an end but another murder shocked us all. The decapitated body of Sumon Zahid, a witness in a war crimes case and also the son of martyred journalist Selina Parvin was found dead in the capital's Khilgaon the day before yesterday. There ...

Business & Economy »

A delegation headed by Farzana Chowdhury, CEO of Green Delta Insurance makes a courtesy call with Dr. M Khairul Hossain, the newly appointed Chairman of Security Exchange Commission recently. Additional Managing Director and Company Secretary Syed Moinuddin Ahmed and Deputy Managing Director Wafi S M Khan of the company were also present.


Football »

England beat Tunisia 2-1


AFP, Volgograd :Captain Harry Kane came to the rescue with two goals, the second a dramatic injury-time winner, as England began their World Cup Group G campaign with a stuttering 2-1 win over Tunisia on Monday.  Gareth Southgate's men almost paid a heavy price for missing a slew of first-half ...

Football »

Harry Kane : England's new prince


AFP, Volgograd :Harry Kane rose emphatically to the World Cup challenge in England's opening match against Tunisia, scoring a last-gasp winner to give Gareth Southgate's side lift-off in Russia.It was a remarkable World Cup debut for Kane, who bore the added pressure of the captain's armband and the weight of ...

Entertainment »

I`m indebted to J.P. Dutta for life : Pooja Bhatt


Actress-filmmaker Pooja Bhatt said she is indebted to veteran director J.P. Dutta for not only making her a part of 'Border' but also for encouraging her to never change. 'Border' on Wednesday completed 21 years of its release and Pooja took to Twitter to thank Dutta for casting her in ...

International »

US won`t be made a migrant camp


President Donald Trump vowed on Monday that the United States would not become a "migrant camp" as he faced mounting pressure to stop families being separated as a deterrent to illegal immigration."The United States will not be a migrant camp, and it will not be a refugee holding facility," Trump ...

City »

Pedestrians passing through a muddy road as the authority concerned does not repair the road for long time. The snap was taken from Bibir Bagicha area in the city's Jatrabari on Tuesday.


Editorial »

Save the flood victims and take adequate measures for post-flood rehabilitation


INCESSANT rainfall in the last few days has triggered floods in the country's East and South East districts. Thousands of people of Moulvibazar, Habiganj, Feni and Chattogram districts have been marooned as floodwater crawled to inundate their homestead and damage crops and livestock. The New Nation recently reported that Khowai, ...

Football »

A Mexico soccer fan celebrates her team victory against Germany after their group F match at the 2018 soccer World Cup in the Luzhniki Stadium in Moscow, Russia on Sunday.


Sports »

Federer wins 98th ATP title in Stuttgart


AFP, Germany :Roger Federer claimed his 98th ATP title on Sunday with a 6-4, 7-6 (7/3) defeat of Milos Raonic in the grass-court Stuttgart Cup final.The Swiss great, who will be chasing a ninth Wimbledon triumph next month, beat his Canadian opponent for the 11th time in 14 meetings while ...

International »

US policy on migrant kids `unconscionable`: UN rights chief


AP, Geneva :The U.N. human rights chief is urging the Trump administration to end new policies separating migrant children from their parents after entering the United States from Mexico, saying they've affected nearly 2,000 kids in the last six weeks.Zeid Ra'ad al-Hussein says it's "unconscionable" that any country would seek ...

International »

Family separation policy starts dividing Republicans


AP, Washington :The emotional policy of separating children from their parents is also starting to divide Republicans and their allies as Democrats turn up the pressure.Former first lady Laura Bush called the policy "cruel" and "immoral" while GOP Sen. Susan Collins expressed concern about it and a former adviser to ...

City »

Prime Minister Sheikh Hasina exchanging pleasantries with diplomats at Ganabhaban in the city on Saturday on the occasion of holy Eid-ul-Fitr.


Editorial »

Eid Mubarak


EID UL FITR is an important religious event celebrated by Muslims worldwide that marks the end of Ramadan, the Islamic holy month of fasting (sawm). The Eid (Muslim religious festival) is the first and only day in the month of Shawal during which Muslims are not permitted to fast. The ...

Cricket »

History-making Afghanistan get baptism of fire in Test cricket


AFP, Bangalore :Afghanistan were handed a bruising introduction to Test cricket by India on Thursday as they capped their astonishing rise from war and refugee camps to joining the sport's elite.Afghan skipper Asghar Stanikzai called it a "very proud moment" as he strode onto the field at Bangalore's M. Chinnaswamy ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news