- December 15, 2017
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
Unsurprisingly, six state-owned banks have the highest amount of default loans
UCB has been operating activities in Bangladesh since 1983
They are directly involved in 18% financial frauds, while they committed 40% of the crime in collusion with IT professionals and in 9% of the cases, bankers are linked to a group comprising IT professional and others
The new conditions will be focused on mainly improving the financial status and the management of eight state-run banking institutions
Defaults in loans issued by the country’s state-owned banks account for 27% of the total in the banking sector
Stakeholders have blamed the failure mainly on fund crunch of the NGOs.
As of now, customers can deposit up to Tk 1 lakh per month while they are allowed to deposit maximum Tk30,000 per day by performing two separate transactions.