Janata Bank’s regulations are a form of government regulations which subject banks to certain requirements, restrictions and guidelines. This regulatory structure ensures transparency between banking institutions and the individuals with whom JBL conducts business, among other things.
Immediately after the emergence of Bangladesh in 1971, the Bank emerged as ‘Janata Bank’ by combining the erstwhile United Bank Limited and Union Bank Limited under the Bangladesh Banks Nationalization Order (President’s Order-26) of 1972. ‘Janata Bank Limited’ has been corporatised on 15 November, 2007 as per Clause (1) of Article 27A of The Bangladesh Banks (Nationalisation) Order 1972.
Objectives of Janata bank Regulations:
- Prudential —to reduce the level of risks to which bank creditors are exposed (i.e. to protect depositors)
- Risk reduction—to reduce the risk of disruption resulting from adverse trading conditions for banks causing multiple or major bank failures.
- Avoid misuse of banking practice—to reduce the risk of bank being used for criminal purposes, e.g. laundering and terrorism financing
- To protect banking confidentiality.
- Credit allocation—to channel credit to favoured sectors
- It may also include rules about treating customers fairly and having corporate social responsibility (CSR)
Bank Regulations and Guidelines:
- Janata Bank Service Rules-1995
- Janata Bank Service Rules-2008
- Anti-Money Laundering Policy
- Credit Management Policy
- Consumers Financing Policy
- Green Banking Policy
- Export Policy
- Import Policy
- Disclosure on Risk Based Capital (Basel II) 2012
To see all the related Manuals & Guidelines