Conformity of Human Resource Management Practices of
Mercantile Bank Limited with Legal Environment of Bangladesh.

AN OVERVIEW OF MERCANTILE BANK LIMITED

1. Brief History. Mercantile Bank Limited was incorporated in Bangladesh on May 20, 1999 as a scheduled bank in the private sector. The bank went into commercial banking operation since June 02, 1999. The first branch was opened at Dilkusha Commercial area in Dhaka on the same day. 2. Nature of Company and Ownership Structure. Mercantile Bank is a public limited company incorporated under the Bank Companies Act 1991 and the Companies Act 1994. 3. Organizational Structure. The organizational structure and corporate governance of Mercantile Bank Limited strongly reflect its determination to establish, uphold and gain a stronger footing as an organization, which is customer-oriented and transparent in its management.
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HRM PRACTICES AT MERCANTILE BANK LIMITED

A. HRM PHILOSOPHY OF MERCANTILE BANK LIMITED

The Mercantile Bank management is well aware of the need for human resource training and development. This can be understood from its corporate manual: “Function of the management of the bank is not only to cope with the situation prevailing but also to ensure best of services to the clientele and society at large as well as profitable returns to the owners and shareholders. These objectives may be fulfilled only when enlightened management coexists with skilled and motivated members of staff. Different levels of employees require different skills. An organization with people having technical, human and conceptual skills can serve and cope with the fast changing environment. Some of the traits and skills may be inborn in human beings. But most of the skills can be acquired and cultivated provided that there is willingness on the part of the employees and there is