Sonali Bank inks deal with

Sonali Bank recently signed an agreement with the Microcredit Regulatory Authority (MRA) to collect the annual subscription and other fees of various microcredit institutions certified by the MRA.

Subhash Chandra Das, deputy managing director of Sonali Bank, and Muhammed Mazedul Haque, executive director of the MRA, signed the agreement at the latter's head office in Dhaka, said a press release.

Under the deal, the MRA-certified 731 and temporarily-certified 350 microcredit lending institutions will pay their annual and other fees online through Sonali payment gateway.

Sheikh Mohammad Salim Ullah, secretary to the financial institutions division of the finance ministry, attended the programme, where Md Afzal Karim, managing director of the bank, and Md Fashiullah, executive vice-chairman of the MRA, were present.

Amal Krishna Mandal and Md Azimuddin Biswas, additional secretaries to the financial institutions division, Md Nurun Nabi, general manager of the bank, Md Atiqur Rahman, deputy general manager, Md Nure Alom Mahadi, director of the MRA, and Md Shahidul Hasan, deputy director, were also present.