Rupali Bank
Photo: STAR
A few days back there were headlines on Rupali Bank news of cancellation of an expected sale deal with a Saudi Prince. The officials of this bank expressed a big sigh of relief and profusely thanked the media for their contribution reportedly in compelling the government to take that decision. Some of the employees of this bank were telling in front of the media cameras how their promotions were held up for many years due to indecision about the fate of this bank. Banking business is a booming business in Bangladesh. Many private banks having only a few branches in the metropolitan cities are making crores of taka every year. Many are trying to open new banks, some applications for permission are pending with the Bangladesh Bank. On the other hand, the Rupali Bank having branches almost all over the country failed and the government was trying to sell it out to get rid of further losses. Why the Saudi Prince was willing to buy this bank knowing well that it is a losing concern? Many looked sympathetic to the officials of this bank, but I am not sympathetic at all because the managers and employees of this bank were wholly and fully responsible for the debacle. Their gross negligence to duty, corruption and incompetence were the reasons behind the fall. If you enter any branch of this bank at 9.30am you would find most of the desks empty, their tables and chairs have not yet been dusted. Even an intending account opener will be directed from desk to desk to reach the right place and finally on reaching the place you will notice that the person is very busy and instead of entertaining you, he will advise you to come on some other day with required papers. Not only Rupali, the picture of all the nationalized banks is the same. The employees of these banks are friendlier to defaulters than the good clients. The government has cancelled the sale deal, I hope it is a temporary decision. The government should sell out all nationalized institutions which are losing concerns.
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