State Banks: Plundering made easy

Seven months after the government announced a Tk 2,000 crore “recapitalisation” of state-owned banks, the financial institutions have started asking for fresh money from the government. This time their demand is much higher -- a little over Tk 20,000 crore -- than what they were given in the budget for this year.
17 February 2018, 18:00 PM

Bangladesh unlikely to extend FireEye contract for heist probe

Bangladesh's central bank is unlikely to extend the contract of US cyber security firm FireEye to investigate the electronic theft of $81 million of its money, sources at the bank said on Wednesday, citing high costs as one of the factors.
23 June 2016, 06:30 AM

Jamuna Bank re-appoints managing director

Shafiqul Alam has recently been re-appointed as the managing director of Jamuna Bank, the bank said in a statement yesterday.
24 January 2016, 18:00 PM

No fee on bank job seekers: BB

Bangladesh Bank directs all banks not to take any fees in the form of pay order or bank draft from job applicants.
29 December 2015, 14:13 PM

BASIC Bank's errant loan practices

Scam-hit BASIC Bank extended loans to borrowers without obtaining credit rating, feasibility report, branch certificate on collateral, financial statements, business profile and proper loan proposals.
18 August 2015, 18:00 PM

Saifur Rahman on suspension of BCCI operations

Finance Minister Saifur Rahman said on Monday that the Government had decided to suspend the operations of the Bank of Credit and Commerce International (BCCI) In the public interest.
8 July 1991, 18:00 PM