Connect with us

Bank-Insurance

Guardian Life Insurance Limited Concludes Annual Sales Conference 2022

Published

on

Guardian

With the slogan “Odommo Guardian”, Guardian Life Insurance Limited organised their Annual Sales Conference 2022 at Hotel Sea Palace in Cox’s Bazar on 15 September.

The event was graced by the presence of the Sponsors and Patrons of the company: Tapan Chowdhury, Syed Nasim Manzur and Barrister Syed Afzal Hasan Uddin and the Director of the company, Syed Akthar Hasan Uddin.

Guardian Life’s CEO Sheikh Rakibul Karim, FCA; Head of Retail Business Mahmudur Rahman Khan along with other members of the senior management team were all in attendance at the conference to celebrate its spectacular annual growth of 91pc in 2021 and to motivate the company’s retail sales force to keep up this winning streak, reads a press release.

This time, over 350 top-tier sales managers and advisers of the company attended the programme from all over the country. Among them, 15 outstanding performers were rewarded at the prize-giving ceremony.

On this occasion, Tapan Chowdury, Sponsor and Patron of Guardian Life recounted the story of the origination of Guardian Life wherein Apex, BRAC and Square joined forces with the noble purpose of financial protection of families at a macroeconomic scale.

When he took to the stage, Syed Nasim Manzur, Sponsor and Patron of Guardian Life congratulated the indomitable team for transforming 1.1 crore lives with their relentless effort to uphold Guardian’s mission to change the insurance landscape of the country.

Mahmudur Rahman Khan, head of retail business facilitated the day-long grand programme where he especially emphasized quality sales and customer retention.

In the closing remarks, Guardian Life’s CEO Sheikh Rakibul Karim, FCA extended his gratitude to the retail sales and the entire Guardian Life team for their tremendous effort to ensure quality growth and continuous progress over the years.

The CEO acknowledged the contributions of the major sponsors Apex, BRAC and Square that have fueled Guardian Life’s impressive growth trajectory.

The conference presented sessions on the year-long progress of the organization, the team devised upcoming action plans with Regional Business Development Managers, Area Managers and Branch Managers.

Furthermore, the Top Performers of 2021 along with sponsors and the management team got together for a jubilant photo session.

Guardian Life expects that its legacy of innovation and success will continue in the upcoming years. The event concluded with a vibrant cultural programme and raffle draw in the evening.

Share this
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Bank-Insurance

Cenbank Prolongs Import Payment Terms for Raw Materials Until Dec 2024

Published

on

bank

The Bangladesh Bank (BB) has announced an extension for the payment period against imports of industrial raw materials from 180 to 360 days, a measure now set to remain in place until December 2024. This policy, initially scheduled to end in June of this year, has been prolonged to facilitate trade transactions, according to a BB circular issued today.

“To support trade transactions, it has been decided to extend the policy support until December 31, 2024. The extended usance period will not apply to imports under EDF loans, as previously stipulated. All other relevant instructions remain unchanged,” the circular stated.

Share this
Continue Reading

Bank-Insurance

Banks in Industrial Areas to Open June 14-16 for Eid Payments

Published

on

cenbank Monetary Policy bangladesh bank central imf reserve BB

To ensure timely payment of salaries and bonuses to garment industry workers before Eid-ul-Azha, the branches of banks in key industrial areas will remain open on a limited basis on June 14, 15, and 16.

The Bangladesh Bank (BB) issued a notification stating that bank branches in Dhaka metropolitan, Ashulia, Tongi, Gazipur, Savar, Bhaluka, and Narayanganj will operate on these days to facilitate financial transactions for garment sector employees.

Typically, Friday and Saturday (June 14 and 15) are weekly holidays, and Sunday (June 16) will be closed for Eid. Despite these closures, the BB has mandated that banks in industrial regions stay open to manage the disbursement of wages and bonuses and facilitate the sale of export bills.

Additionally, bank branches in Chattogram metropolitan and industrial areas will also be open to support garment workers’ payments and the processing of export bills.

The BB has instructed banks to coordinate with local authorities to ensure adequate security at the branches during this period.

Eid-ul-Azha, one of the most significant religious festivals for Muslims, will be celebrated in Bangladesh on June 17.

Share this
Continue Reading

Bank-Insurance

Cenbank Mandates Real-Time Reporting of Willful Defaulters

Published

on

bank

The Bangladesh Bank (BB) has issued new instructions to banks to submit data on willful defaulters to the Credit Information Bureau (CIB) database. This directive was issued on Tuesday, requiring immediate compliance from commercial banks and non-banking financial institutions (NBFIs).

In a circular released by the CIB of the central bank, banks have been instructed to report their June data in real-time starting July 1. The circular has been sent to top executives of banks for prompt execution.

This move follows an earlier initiative by the BB, outlined in a circular on March 12, aimed at identifying willful defaulters within the banking sector. The central bank also detailed actions to be taken against such defaulters.

According to the circular, any client who takes a loan anonymously and misuses it will be classified as a willful defaulter. Banks were directed to establish a ‘willful defaulter identification unit’ by April 9 to facilitate this identification process.

The circular further stipulates penalties for non-compliance. Banks that violate these conditions will face fines ranging from Tk 50 lakhs to Tk 1 crore. Continued violations will incur additional fines of Tk 1 lakh per day.

Share this
Continue Reading