The banking sector is said to be the lifeblood of a country’s economy. As long as the banking sector is active and fresh, the wheel of a country’s economy is active and fresh. It plays the most important role in the development of any country. The banking sector has always been ahead in implementing big projects of the government from the marginal stage. This sector is meant to revive a country’s collapsed economy. For this you can never neglect this sector.
For example, the contribution of the banking sector to the recent epidemic. Hon’ble Prime Minister Sheikh Hasina has chosen the banking sector to implement the huge incentive packages announced to affect the country’s economy. Transparency, accountability and responsibility in the banking sector have played a major role in the implementation of the Prime Minister’s Incentive Package.
If the Prime Minister had chosen any medium other than the banking channel, there would have been some controversy or some obstacle to its implementation. The past reputation of the bankers has played a big role in gaining this confidence in the sector. The foresight shown by the Prime Minister in reviving the economy which was crippled by the lockdown during the Coronation period is one of the rarest in the world.
The diligence and efforts of the bankers since the announcement of the Prime Minister, especially among the bankers working in the field of investment, to distribute the money of the incentive package must be recorded in the golden letters of history at this time. The biggest challenge now for the macro-economy is to recover the disbursed debt and keep the economic wheel running through reinvestment in its economy. The obstacles that may come our way must be dealt with caution and prudence.
| ব্যাংক, ব্যাংকার, ব্যাংকিং, অর্থনীতি ও ফাইন্যান্স বিষয়ক গুরুত্বপূর্ণ খবর, প্রতিবেদন, বিশেষ কলাম, বিনিয়োগ/ লোন, ডেবিট কার্ড, ক্রেডিট কার্ড, ফিনটেক, ব্যাংকের নিয়োগ বিজ্ঞপ্তি ও বাংলাদেশ ব্যাংকের সার্কুলারগুলোর আপডেট পেতে আমাদের অফিসিয়াল ফেসবুক পেজ 'ব্যাংকিং নিউজ', ফেসবুক গ্রুপ 'ব্যাংকিং ইনফরমেশন', 'লিংকডইন', 'টেলিগ্রাম চ্যানেল', 'ইন্সটাগ্রাম', 'টুইটার', 'ইউটিউব', 'হোয়াটসঅ্যাপ চ্যানেল' এবং 'গুগল নিউজ'-এ যুক্ত হয়ে সাথে থাকুন। |
Since traders have received incentive money during a disaster, there must be a big challenge or obstacle to recover this money. In this case, some traders may delay the money invested. In that case, the bankers must proceed with caution. Bankers must refrain from aggressive attitudes and must continue to make maximum efforts to recover the money invested in a banker-customer relationship through a tolerant attitude. It is believed that the regular investment of the traders in their work, their business care, giving them wisdom and advice at the right time and sticking with them regularly can help them to recover the invested money. In fact, in these cases, the desired goal can be achieved through realistic techniques, not magic.
Bankers must earn the trust of traders and gain the confidence of traders so that future transactions can run smoothly and normally. Merchants must keep in mind that this is not the last transaction but should be transacted in the future. Traders must refrain from unreasonable whims and unjust whims and focus on business at normal pace. Traders should never and after a while the incentive means apologizing to the government. They should not default on loans. They should not delay the payment of installments. They should never view business losses by creating a fictitious statement of account through which to try to take an advantage in the future. They should, however, recover their part-time financial losses by investing in the appropriate business sector and help keep the wheel of the economy moving.
A crisis or situation is created when a big fish eats a small fish. And if these sectors are damaged, exports will decrease. Declining exports mean increased import dependence. The occurrence of import dependence means that the foreign exchange inside the country goes out. The movement of foreign currency out of the country means the depreciation of the country’s currency against the dollar. And the depreciation of the country’s currency means that inflation in the country is created by the free flow of liquidity and the availability of fewer products at higher prices. Above all, the creation of a weak and fragile economy compared to the global economy.If the incentive money is not invested in the proper business, then the amount of inflation in the country will increase, the liquidity flow in the market will increase and above all there will be a rise in commodity prices which will not play any role in production. If production has no role, then all efforts are in vain. As a result, there will be no employment, there will be no market demand and above all there will be a crisis in the market. Small and medium entrepreneurs from farmers to marginal level will be severely affected.
And the emergence of a weak and fragile economy means that the success of the incentive package announced by the Prime Minister has been undermined. So it seems easy that if the incentive money is not used in the right place, it will have a huge impact on the economy of the whole country. And since a state is made up of individuals, if the state is harmed, then the individual will also be harmed.
Finally, we can come to the conclusion that a positive attitude towards the implementation of the incentive package announced by the government is desirable for all. This positive attitude applies to everyone from businessmen to bankers. It is believed that the incentive means that the desired goal can be achieved by investing in the right and proper place rather than using it unnecessarily. Suits- Cases can never bring any solution. Rather, the desired success can be achieved through proper banker-customer relationship and its proper implementation.
Writter: Md. Masum Billah, Senior Officer, Islami Bank Bangladesh Limited, SME Investment Division-II, Head Office, Dhaka
