SBC to introduce ‘Bangabandhu protection insurance’ policy soon



Mahfuzaul Islam, Senior Correspondent, Barta24.com
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Government owned Sadaharan  Bima Corporation(SBC) is going to introduce a policy at Taka 115 in connection with the birth centenary of Bangabandhu Sheikh Mujibur Rahman. The new policy has been named 'Bangabandhu Protection Insurance', which will be of one year.  Of the Taka 115, Taka 100 will be the premium while Taka 15 will be VAT.

The SBC has submitted a proposal to the Insurance Development and Regulation Authority (IDRA). After the final approval of the IDRA, the SBC will start the program.

According to SBC data, the company currently has an insurance company called People's Policy of Accident (PPA). The maximum compensation for that policy is Taka 1 lakh. For this you can make this insurance with a premium of Taka 60 and a total of Taka 69 with VAT.

On the occasion of the birth centenary of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman, a compensation of Taka 2 lakh has been proposed for the insurance paying a premium of Taka 100. If someone dies after receiving this insurance service, his compensation will be Taka 2 lakh. The insurer will receive compensation even if you are injured in an accident.

If one lose his one organ he will get Taka 50 thousand; loses two organs will get Taka 1 lakh as compensation.

In this regard, Managing Director (MD) of SBC Syed Shahriar Hossain told barta24.com that we have decided to introduce 'Bangabandhu protection policy' on the occasion of birth centenary  of the Father of the Nation after the proposal is approved. First, all the officers and employees of the SBC will be covered by the policy. In addition to this, there is an opportunity to insure this for everyone in the country.

He said if a person loses one of his hands, legs and eyes in an accident such as a major accident, he will get compensation of Taka 1 lakh. If you lose two, you will get compensation of Taka 2 lakh. There will be also compensation for other limbs.

   

Exim and Padma Bank are merging



Staff Correspondent, Barta24.com, Dhaka
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Private Padma Bank is going to merge with Exim Bank. In the meantime, Bangladesh Bank has also been informed about the merger of the two banks.

This decision was taken unanimously in the board meeting of Exim Bank on Thursday (March 14).

Chairman of Exim Bank Nazrul Islam Mazumder confirmed this to the media.

According to a director of Exim Bank, a decision has been taken to merge private Padma Bank with Exim Bank. Soon it will be sent to Bangladesh Bank for permission. It will come into force after the approval of the regulatory body.

The same information was also known from a related official of Padma Bank.

Earlier, Bangladesh Bank had said that weak banks would be allowed to voluntarily merge by December. Failing this, a final decision on them will be taken in March.

Recently, Bangladesh Bank published the Banks Health Index (BHI) and Heat Map. According to that report, Padma Bank is in the red zone and Exim Bank is in the yellow zone.

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Signing agreement of Global Islami Bank Plc with Bangladesh Bank



Staff Correspondent, Barta24.com, Dhaka
Signing agreement of Global Islami Bank Plc with Bangladesh Bank

Signing agreement of Global Islami Bank Plc with Bangladesh Bank

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Two agreements have been signed between Global Islami Bank PLC and Credit Guarantee Department of Bangladesh Bank. The agreement was signed to provide credit guarantee facilities to women entrepreneurs and the agricultural products processing sector with the aim of achieving the desired expansion of small scale industries, job creation and economic growth.

The agreement was signed on Tuesday (March 12) at Jahangir Alam Conference Hall of Bangladesh Bank, Head Office.

Under these two agreements, Global Islami Bank will be able to make unsecured investments in women entrepreneurs and agricultural products processing sector by taking the credit guarantee facility of Bangladesh Bank.

In the presence of Bangladesh Bank Deputy Governor Noorun Nahar and Executive Director Mohammad Jamal Uddin, Managing Director Syed Habib Hasnat on behalf of Global Islami Bank and Nahid Rahman, Director of Credit Guarantee Department on behalf of Bangladesh Bank signed the agreement. Global Islami Bank's Executive Vice President and Head of Investment Division SM Mizanur Rahman was also present on the occasion.

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Positive flow of remittances, more than 6 crore dollars per day



Staff Correspondent, Barta24.com, Dhaka
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Expatriate income or remittances are in positive trend. In the first 8 days of March, remittances of 51 crore 29 lakh US dollars have arrived in the country. As such, an average of 5 crore 20 lakh 20 thousand dollars of remittances came to the country every day.

This information is known from the updated report of Bangladesh Bank on Sunday (March 10).

According to the data of the Central Bank, in the first 8 days of this month, 51 crore 29 lakh 10 thousand US dollars remittances have arrived in the country. Of this, 5 crore 42 lakh 20 thousand dollars came through the state-owned banks.

Besides, 97 lakh 20 thousand dollars came through specialized banks, 44 crore 90 lakh 10 thousand dollars through private banks and 17 lakh 60 thousand dollars through foreign sector banks.

And last February, 216 crore 60 lakh US dollars remittances came to the country which is the highest of the current financial year.

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SM Mannan Kochi is the new president of BGMEA



Staff Correspondent, Barta24.com
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The combined council has won all the 35 directorships in the 2024-26 term elections of BGMEA, a body of garment industry owners. As a result, the team leader of this panel, SM Mannan Kochi, is the next president of the organization. None of the other panel forum candidates could win the election.

On Saturday (March 9) polling was held simultaneously in Dhaka and Chattogram. Candidates of the two panels clashed before the start of polling in Dhaka. There was chaos in the polling booth in the afternoon. In the end, 89 percent of voters voted. Counting of votes started after 6 pm. After the counting, Election Board Chairman Jahangir Alamin announced the results at midnight on Saturday.

After the counting of votes, the election board headed by Jahangir Alamin, the former president of BTMA, announced the results. It can be seen that the leader of the Samilita Parishad party SM Mannan has got the maximum 1510 votes.

The winners of the combined council are: Dhaka Region Seha Design Managing Director (MD) SM Mannan, Team Group MD Abdullah Hill Rakib, Classic Fashion Concept MD. Shahidullah Azim, Director of Denim Expert Mohiuddin Rubel, Designtex Knitwear MD Khandaker Rafiqul Islam, Envoy Design Director Shehrin Salam, Fortis Garments MD Shahdat Hossain, Galpex MD. Rezaul Alam, MD Zakir Hossain of Kausar Knitwear, MD of Layla Style Imranur Rahman, Director of Macy's Garments. Ashiqur Rahman, BTP Group MD Miran Ali, Momson Service and Industries MD Nusrat Bari, Nutex Design Director Md. Nurul Islam, MD of Sadma Fashion Wear. Nasir Uddin, Sayem Fashion Director Abrar Hossain, Shasha Garments MD Shams Mahmood, Shin Shin Apparels MD Mohammad Sohail Sadat, Sparrow Group MD Shobhan Islam, Tex Town MD Anwar Hossain, TMS Fashion MD Saifuddin Siddiqui, TRZ Garment Industries MD Haroon Or Rashid, Tusuka Chairman of Fashions Arshad Jamal, MD of Urmi Garments Asif Ashraf, MD of Windy Apparels Mesbah Uddin Khan, MD of Young Forever Textiles Rajiv Chowdhury.

Amheco Fabrics MD M Ahsanul Haque, Argenta Garments Industries MD Mohammad Rakib Al Nasser, High Fashion MD Amjad Hossain Chowdhury, HKC Apparels Rakibul Alam Chowdhury, Madina Garments MD Mohammad Musa, RDM Apparels MD Mostafa Sarwar, Sonnet Textiles were the winners from the Chattogram region of the Combined Council. Director of Industries Gazi Md Shahid Ullah, MD of Top Star Fashion Abzar Hossain and Well Group Director Syed Nazrul Islam.

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