Functions of Five Departments Of bangladesh bank

Presentation on the functions of five departments of Bangladesh

Bank

Group Members

Name ID NO.Monjur Hasan 171309Mahmuda Alam 171316

Md Sohaq Mir 171321Rumnaj Rahman 171323Nazmun Nahar Tania 171327S.M. Faisol 171346

Department to discuss

• Banking Regulation and policy department• Human Resource Department 2• Expenditure Management Department• Department of Communications and

Publications

Functions of BRPD

Hierarchy of BRPD

Deputy Governor • Shitangshu Kumar

Sur Chowdhury

Executive Director

• S. M. Moniruzzaman

General Manager

• Chowdhury Md. Feroz Bin Alam

Functions of BRPD

Review and drafting of banking statutes.

Determination of bank rate, capital adequacy requirements, asset classification and provisioning standard .

Prescribing Criteria for corporate governance and insider lending and monitoring thereof.

Determination of accounting standards and disclosure requirements for banks.

Setting criteria for internal control and risk management system of banks and monitoring thereof.

Functions of BRPD

Issuance of license for opening of new bank and new business center of existing banks

Effecting disciplinary action against Board of Directors/CEO of banks.

Attending to works relating to development of priority/special sectors of the economy.

Monitoring of law suits lodged by and against banks relating to recovery of loans.

Human Resource Department 2

Human Resource Department• Human Resources Department (HRD) manages centrally the

manpower of the bank at work places through resourcing, placement, training, performance, discipline etc

• It emphasizes on strategic and value added Human Resources (HR) activities involving the designing, updating and amending HR polices and procedures for continuous improvement.

• To execute the above mentioned issues - HRD's functions are accomplished under the following divisions :Division.

3. Performance and Reward Division1. Planning and Resourcing Division.2. Development and Benefit.

Hierarchy of HRD 2

Nazneen Sultana (Deputy

Governor)

Ahmed Jamal (Executive Director)

Md. Azizur Rahman(General Manager)

Composition of HRD 2

Benefits and Administration wing

Performance and Discipline wing

Training and Development wing

Recognition and Reward wing

HRD 2

Functions of HRD 2

Benefits and Administration wing

Functions of To carry out all activities regarding compensation and benefits

To consolidate and compile all of the grievances and complains of the public

To provide information regarding Bangladesh Bank to the public as per the Right to Information Ordinance, 2008

Training and Development Wing

Training needs

Educational facilities

Performance and Discipline wing

• Up-to-date employees' PMS rating in database

• Facilitates the promotion process

• To undertakes the process of rewarding the employees as per Recognition & Reward Policy

Recognition and Reward wing• Handles employees‘ discipline

• Initiates disciplinary actions to enforce organizational standards

• Discourages infractions, resolve conflict and take initiative for arbitration and litigation processes

Expenditure Management Department

The Hierarchy of EMD

Deputy Governor

• Md. Abul Quasem

Executive Director

• Md. Ebtadul Islam

General Manager

• Mohammad Akkas Uddin

The function of EMD has been categorized in 11 Sections. 1. General Section2. Miscellaneous Payments Section3. Dead Stock and Stationery Section4. Provident Funds Section5. Pension Section6. Telephone Section7. Medical Section8. Travelling Allowance Bills Section.9. Expenditure Section10. Salaries Section11. Advance Section

The function of EMD

General SectionI. General Administration of the Department ;

II. Compliance of Internal, external and commercial audit memos

The function of EMDMiscellaneous Payments Sectioni. Payment of donation and subscriptions to local and foreign Institutions;ii. Arrangement for supply of liveries to eligible C & D category staff ;iii. Payment of coolie/labour charges, washing charges etciv. Payment of paper bills, legal bills, advertisement bills, postal/courier bills and

contractor's bills etc.v. Payment of advance for buying presentation and refreshments for the

employees of the Bank who proceeded on PRL.vi. Payment of local conveyance bills, pocket money, hotel charges etc. for

training purposes;vii. Payment of honorarium to the eligible persons;viii. Payment all sorts of entertainment bills ;ix. Payment of bills relating to training conducted by BBTA and other

departments of Head Office held in branch offices

The function of EMDDead Stock and Stationery SectionI. Procurement & maintenance of record & accounting of dead stock and

stationery articles;III. Maintenance and repair of furniture and fixtures;III. Disposal/sale of old/broken dead stock articles;IIV. Supply of all sorts of stationery articles to staff/officer;V. Allotment of code numbers for new registers/stationery articles etc.

Provident Funds SectionVI. Maintenance of contributory Provident Funds Accounts;VII. Payment of gratuity, death benefits etc.IVIII. Sanction of PF Advance ;IX. Arrangement for holding Administrators' meeting ;.X. Management of Fund.

The function of EMDPension SectionI. Maintenance of General Provident Fund Accounts;II. Payment of Commutation money, death benefits etc.III. Fixation of monthly pension and supply of pension books to pensioners;IV. Sanction of GPF Advance;V. Management of Fund.

Telephone SectionVI. Arrangement for connection and installation of official/residential /PABX /Direct

Telephones, Fax, E-mail, Internet, SWIFT net connectivity etc;VII. Procurement of Land Telephone/Mobile set/Fax/Franking machines and related

accessories ;VIII. Repairing of Telephone Fax, etc.IX. Payment of monthly Mobile/Telephone/Fax/Internet bills;X. Maintenance of PABX and Intercom System.

The function of EMD7. Medical SectionI. Make arrangement for Health Insurance policy and renewal of the policy

for ED and above officials & make payment of premium etc.II. Payment of Health insurance Bills in case of foreign tours;8. Travelling Allowance Bills SectionIII. Make advances to employees for travelling home and abroad;IV. Adjustment of T.A. advance through settlement of T.A. Bills ;V. Maintenance of personal accident insurance policy;9. Expenditure SectionVI. Work relating to pest control etc.VII. Sanction of death benefits and compassionate allowances to the

members of the deceased employees of offices (other than Head Office);VIII. Payment of medical allowance to the retired employees.

The function of EMD10. Salaries SectionI. Payment of salaries & allowances;II. Disbursement of bonusIII. Payment of overtime bills, stipend and leave encashment allowances;IV. Payment for compassionate allowance for the members of the deceased employees of Head

Office;V. Preparation of Income Tax Assessment sheet on behalf of the employees & payment

thereof;11. Advance SectionI. Sanctioning of various staff advances under Staff Advance Scheme;II. Recovery of staff advances;III. Calculation of interest of staff advances;IV. To arrange for conducting physical inspection of land/constructed houses/Flats /Buildings etc.

purchased under house building advance scheme ;V. Maintenance of documents under safe custody & monitoring the utilization of all Advances;VI. Monitor court cases related to different types of advances.

Department of Communications and Publications

Department of Communications and Publications

Functions• mainly deals with printing and distributions (within country and abroad) of all types of publications of the bank.• prepares paper clipping and publishes monthly house journal, `Bangladesh Bank Parikrama'

Department of Communications and Publications

• also liaises with Newspapers, Radio, Television and Mass Media and arranges press briefing/press conferences for the bank authorities.• issues press releases, clarifications and rejoinders, advertisement on behalf of Bangladesh bank.

The function of DCP

deals with installation and maintenance of murals and paintings in different offices of the bank.

Payment Systems Department

Payment Systems Department (PSD) has been formed on 26 July 2012, prior to this it was a section under Department of Currency Management and Payment Systems.

Objectives

• To promote, regulate and ensure a secure and efficient payment system• prevent systemic risk, thereby maintaining financial stability; • promote the efficiency of payment systems and instruments; • ensure the security of public trust in the currency as the settlement asset; and • safeguard the transmission channel for monetary policy.

Functions• Formulation of National Payment Systems Strategy, • Operation of Bangladesh Automated Clearing House (BACH) with its two wings - Bangladesh Automated Cheque Processing System (BACPS) and Bangladesh Electronic Funds Transfer Network (BEFTN), • Implementation and development of National Payment Switch Bangladesh (NPSB) to facilitate inter-bank electronic payments.• Adoption of initiatives to facilitate e-Payment Gateway.• Enrichment of Mobile Financial Services with proper framework, • Encouraging e-Commerce and m-Commerce. • Formulation of required policy, guideline, legal & regulatory framework for modern payment and settlement systems. • Formulation of Payment Systems Oversight to monitor and supervise country`s payment system. • Establishment and operation of Real Time Gross Settlement (RTGS) System with proper guidelines