The Farmers Bank Limited yesterday  introduced recovery software in an effort to ensure secured banking in its operations.

The new generation bank launched the software through a daylong seminar in the city where departmental heads and managers of the branches were present, said a press release of the bank.

Managing Director and Chief Executive Officer (CEO) Md Ehsan Khasru formally inaugurated the software at a simple ceremony at the Farmer’s Bank Limited

Training Institute, the release added.

Speaking at the function, Khasru said the recovery software would easily detect loan defaulters of the bank.

“The Farmers Bank Limited makes a giant leap in ensuring safe and secure banking in all its branches through launching of this software. It will speed up the recovery of defaulted loans,” he said.

All the bank’s clients, especially the borrowers will be constantly monitored with this recovery software, he added.

Khasru also said the software is procured as part of the bank’s growing investment in most modern technology to make sure the Farmers Bank emerge as a top banks in the country within the next three years.