Rajshahi Krishi Unnayan Bank is a state-owned ba nk in Bangladesh, a specialized financial institution for financing the farmers of the 16 districts of Rajshahi and Rangpur. Established by the President’s Ordinance No. 58 of 1986, the ba nk started functioning on 15 March 1987. The Ban-k’s headquarters are located in Rajshahi. The Ba-nk was made for farmers of the Rangpur and Rajshahi divisions.
Rajshahi Krishi Unnayan Ba nk (RAKUB) is a state-owned specialized ba nk in Bangladesh with a regional approach. The ba-nk emerged as the government’s plan of intensive care for the agriculture of Rajshahi and Rangpur administrative divisions providing livelihood to 35 million people in the area. The region is less developed compared to other parts, yet full of potential in agriculture. Rajshahi and Rangpur divisions characterized by their surplus food grain production are popularly called the “granary of the country”. Besides catering to agricultural credit, RAKUB, as it is a crony med, renders deposit banking services through all the 377 branches.
The ba-nk is a specialized financial institution for financing the farmers of the 16 districts of Rajshahi and Rangpur.
The ba-nk commenced its first ba-nking function on March 15, 1987. The head office of the ba-nk is located in Rajshahi. The ba-nk was made to help the farmers from the Rangpur and Rajshahi divisions.
Since the very beginning of its ba-nking operation, it has formed a network of 383 branches in the northern part of the country.
The b-ank performs functions like financing agri-business and agro-based industries and poverty alleviation programs.
The authorized capital of the Ba-nk is Tk. 10000 million, while the paid-up capital is TK 8250 million. Besides, its reserves stand at Tk. 208.50 million.
Consumer ba-nking, Corporate Ba-nking, and Investment b-nking are the notable products and services of the ba-nk.
The Government entrusts the management of the ba-nk to a seven-member board of directors. The managing director is the chief executive of the bank.
Management of Rajshahi Krishi Unnayan Bank
Management of the ba nk is entrusted by the government to a seven-member board of directors. The managing director is the chief executive of the ba-nk.