" Appropriate Recruiting is like Putting Money into Bank”
3rd Year, 2nd Semester
IDENTITY: 10. 01. 02. one hundred forty five
Course Name: Fundamentals of Human Resource Management
Course Zero: BBA 322
School of Business
Ahsanullah University of Science & Technology
Fall season, 2012.
Table of Items
Contents| Site Number
Summary of Banking Market in Bangladesh| 1-6
-The History of Banking Industry in Bangladesh| you
-Current Status of the Bangladesh Banking Industry| 2-4
-Problems related with Bangladesh Banking Industry| 4-5
-Prospect of the Financial Industry in Bangladesh | 5-6
Materials Review| 7-13
-Definition of recruitment as well as the basic recruitment process| 7| -The general recruitment means of the banking companies in Bangladesh| 8-13| Materials Review| 14-18
-Comparison of bank purchase and suitable recruitment| 14-16| -Appropriate recruiting is similar to putting money in bank| 17| -Barriers of appropriate recruitment| 17-18
Introduction to Banking Industry in Bangladesh
Banking sector of Bangladesh is one of the significant sectors, which will contributes significantly to the national economy. The sector contains a number of banking institutions in various classes. Considering control the sector can be grouped in to 4 major categories - just like Nationalized Commercial Banks (NCBs), Specialized Banking institutions (SPBs), Personal Commercial Banking companies (PCBs), and Trans-National Banking institutions (TNBs). The History of Financial Industry in Bangladesh
Following achieving self-reliance in 1971, the government of the newly-found Bangladesh reported the Dhaka branch of 'State Bank of Pakistan' the brand new Central Bank and named it the 'Bangladesh Bank'. Bangladesh Financial institution was in charge of controlling foreign currency and credit and monitoring exchange control. It was also the official foreign currency Reserve. The federal government took over all the existing nationwide banks and renamed all of them. The existing international banks were given permission to carry on their organization in Bangladesh. In the 70's, the primary focus of Bangladeshi government was gardening development. The Krishi Lender, an farming banking company, increased lending amount to farmers and anglers. From the season 1977 to 1985, the quantity of rural financial institutions all over the country travelled up to an astonishing number of 3, 300. Slowly and gradually the government started out focusing on non-public industries. This kind of shift in financial priorities did not come easily. There were not any proper job approval program to identify potential borrowers and projects. Banking companies and finance institutions did not include proper direction from which they will could choose borrowers and projects. Gradually the banking institutions and lending institutions had to manage the problem of loan recovery. By the year 1987, only 27% agricultural loans were recovered. The recovery costs of industrial loans were even worse. Loans were given mainly in people with personal power and many of them would not repay their loans. Gradually, major donors started to avert their funding to the banking institutions and the govt. On the other hand, Grameen Bank has been an exception in the matter of management considering that the beginning. Grameen Bank was established in 1983 with a view to give the poor population of the region small loans to be self-employed. 70% from the borrowers were women who had been neglected for most other banks and economic institutes. The repayment circumstances were 4% for country housing and 8. 5% for self-employment. In 1985, the government tailored new guidelines of credit rating recovery for the sake of financial stability. This effort was a little more effective than before. Foreign exchange reserves by the end of economic year 1985 were 476 US Buck. The financial industry is growing in proportion considering that the mid-eighties. Now a lot of personal banks happen to be operating in the; most dominant being the Uttara Financial institution, AB Lender and IFIC Bank.
Current status of the Bangladesh Bank Industry
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