Dualism in Bank Financial Management of Bangladesh(14/12/2018)

Alhamdulillah, for another nice new morning to me.Hope you are all fine. Last few years the Bank financial management saw some unwanted situation that goes against its positive performance. Banks come into market with various services for the people and different types of regulatory authority works at different levels for its smooth functioning. But it seems that most of these authority fails to run their work smoothly. One of the main reason is that proper man is not placed there. It is seen in all regimes political connectivity with the regimes get preference to select people for staffing the different authorities. One of the main loophole is absence of accountability of the Board of Directors(BOD). The interesting matter is that the people who works at different Branch levels work under tight accountability system as they daily confirm the daily transactions accurately but at the top there is no presence of accountability displays dualism. No dualism is beneficial to any good work. So far I know the task of BODs are to preserve the interest of the Bank and give attention to follow the rules and regulations of the Bank but most of the time they fail to do that due to want of commitment to Bank enterprises. BoDs are given a suitable honourarium for rendering service to the Bank but the weak position of Bank convince us that BoDs do not play their due role to the Bank. In this connection the appointing authority has to take liability because of failure of Bank management. There is a clue in the history to be consulted. Once Hazrat Omar, the second Caliph of Islam gives appointment a competent people as Kazi and asked his closed associates about his work. They all said in one voice you have done the good job. He said, No. It will be justified when the appointee completes his job accurately. Here, we see the chain of quality work as well as accountability of the appointing authority. In our country we never consult this education. To set right man at the right place is an lmportant work of administration if it is failed we see pervasiveness of failure at all levels of state management. May Allah help us to set right man at right place and we pray to Allah not to include us among the wrong doing people.