Is FBCCI becoming a puppet organisation?
Lack of participatory election, leaders chosen through consensus making it weak
The business community is deprived of an opportunity to choose their leaders through a participatory election as directors of the FBCCI are picked through consensus among hopefuls, who are often backed by the ruling parties.
In the last decade, the leaders of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) have been chosen either through partial election or were selected on the basis of consensus among the potential candidates, said a former presidential hopeful and a number of former directors.
Fake voters and political pressure exerted by the voters backed by ruling parties mainly dominated the election over the last few years, they said, all on condition of anonymity.
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With the Bengal Commercial Bank starting operations, the number of banks in the country rises to 60.
The central bank gave approval to three new banks in the last two years. The banks are Community Bank Bangladesh, Bengal Commercial Bank and Citizen Bank.
Citizen Bank is yet to start operations.
Speaking on the occasion, Md Jasim Uddin, chairman of the bank, said the banking sector was now going through different types of challenges. In some cases, clients have lack of confidence in the banking sector. We will give our all-out efforts to help clients remove their confusion over the banking sector, he said.