- December 10, 2017
Mohammad Shahid Islam was made the NRBC Bank’s new vice-chairman as Dr Toufique Rahman Chowdhury resigned from his post at the meeting
A summary letter by the Ministry of Finance, carrying the prime minister’s approval, has recently been forwarded to the Bangladesh Bank, who will issue the final approval to the new banks
‘By March 2018, four EFTs could be done in a day from an account instead of one now’
In February 2016, hackers stole over $80 million from the New York Federal Reserve account of Bangladesh Bank, which was later sent to Rizal Bank in the Philippines.
Unidentified hackers stole $81 million from Bangladesh Bank’s account at the New York Fed in February 2016
Finance Minister Muhith says the government is discouraging political appointments to bank boards
The central bank earlier served a show-cause notice to Dewan citing 10 irregularities
He was removed for corruption and irregularities
The interrogation started around 9:30 am on Monday at ACC’s headquarters in Segunbagicha
Bangladesh Bank also asked the Farmers Bank Ltd authorities to take necessary steps for improving all financial indicators of the bank.
It was part of some regulatory measures taken in response to the central bank’s cautions against the liquidity crisis the FBL has been facing for quite some time
Two of the three proposed banks are Bengal Bank and People’s Islami Bank. The name of the third one and its owner have yet to be disclosed.
A total eight research papers were presented in two sessions on Monday
The central bank also asked the Farmers Bank authorities to explain why Shameem should not be removed from office within 7 days.
A total of 12 research papers were presented in two sessions styled ‘Macro-banking environment’
Bangladesh Institute of Bank Management (BIBM) is organising the Annual Banking Conference 2017 on November 26-27. The conference will focus on banking, finance and economy, in both national and international context. The Dhaka Tribune’s Shariful Islam speaks with BIBM Director General Dr Toufic Ahmad Choudhury about the current situation of the banking sector in Bangladesh.
The Banking Company Act, 1991 empowered the central Bank to regulate banking sector as an autonomous body, but critics say that is not the case.
The total default loans will be Tk125,307 crores
‘Both the political and financial miscreants have taken control of the banks’ ownership’
Chairman of the National Board of Revenue was also present during the award ceremony